Restructuring & Wind-ups
Whether you are an employer or a trustee, there is no denying that pension schemes are both complex and expensive to run.
As an employer, your focus will be on managing your liability to the scheme and you may be considering one or more of the following options:
- closing your scheme to new members or future benefit accrual
- merging two or more schemes
- managing your scheme’s liabilities, for example through an enhanced transfer value exercise or contingent asset arrangement
- restructuring your scheme in advance of a corporate transaction
- buying out benefits
- winding up your scheme
As a trustee, you may be asked to consider (and, in some cases, consent to) employer proposals on these areas.
The Neon Legal team has carried out all types of restructuring exercises on behalf of sponsoring employers and trustees. Our advisers have the experience and expertise to provide pragmatic solutions to restructuring issues rather than simply present you with overly legal and technical reports. Whatever your restructuring needs, we can help you, both with legal advice and, where required, with project management.
If you would like to discuss without charge whether a legal review of your Scheme and restructuring would be of use to you or you would like a quote to compare our restructuring services against your existing advisers, please contact Tushar Bhate or Paul Elliott on 0191 232 9005. Alternatively, you can email Tushar or Paul and they will contact you.
