“We are extremely pleased with the appointment we made. The way Ian reacts to us and works with us is brilliant. We are very happy.”
“As a pensions novice, I felt that the trustee training course gave me a good grounding.”
“I learnt more than I expected to at the trustee training course. A good introduction to the trustee role.”
“Gillian goes above and beyond, she is very responsive to the whole team and delivers outstanding work. ”
“Clare Owen has been a really excellent scheme secretary”
“When requesting information by email, I have noticed that there is 'out of hours activity' to answer me. I regard this as a stand out 'above and beyond' - impressed.”
Legal & governance
Wednesday, 20 May 2020
With many new challenges to face thanks to the Covid-19 pandemic, it’s easy to think an employer’s defined benefit (DB) pension scheme would fall a long way down the list. The reality is, pension decisions and actions taken now could make a real difference to a business’ chance of survival.
To coincide with our appointment to the Pension Protection Fund’s (PPF) new restructuring and pre-insolvency services panel, our new briefing note - Dealing with distress: help for pension scheme sponsors & trustees - summarises some of the key considerations and options for DB pension schemes with a sponsor in financial difficulty.
PSGS has been assisting employers and pension trustee boards in stressed situations for years. Sharing our experience, we can help find solutions at every stage of the distressed pension scheme journey and save both the employer and pension scheme, where possible.
In this case study, the trustees decided not to obtain an independent covenant review, but...
A good place to start is requesting a copy of our D&I guide for pension trustees and pension...