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“The Trustee Training course is very good. Excellent coverage of material presented in an easy-to-digest manner and quality of presentation by both presenters. ”
Jonathan Williams ,
Bangor University
“Highly informative. Having leading professionals deliver the TKU course really adds value.”
Jonathan Williams ,
Bangor University
“Thanks for all your help!”
“We chose PSGS because of the experience of the team and the feel of the relationship seemed the right fit.”
Paul Staniland,
Chair of Governance Committee, Kier Group Pension Trustees
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Martin Crees ,
Rabobank
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Unwinding ineffective scheme amendments and managing significant hidden liabilities

Topic:

Legal & governance

Date published:

Thursday, 18 July 2013

This case study looks at a scheme PSIT was appointed to as independent trustee to assist with the Pension Protection Fund (PPF) assessment process.

Our review of the scheme documents highlighted some interesting issues, including inadequate segregation of defined benefit and defined contribution assets and uncertainty over whether scheme changes had been made effectively.

The outcome was that hundreds of scheme members were affected and the scheme's funding position significantly altered.

 

Download the case study

 

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