“Ever increasing regulation has placed a heavy burden on trustees both in terms of time and the risk of non-compliance. PSGS has the experience and the resources to help trustees manage these burdens.”
“Many organisations and people provide the services that clients need. In my opinion, the differentiator is in the way those services are provided and to that extent, Kathy embodies the qualities that I have come to value from PSITL. Kathy is organised but not fussy; diligent but not dogmatic; persistent without being pushy and compliant in a pragmatic way. Whilst she takes ownership and drives issues forward, Kathy is a team player who uses her and her colleagues experience to provide services to her trustee client whilst working closely with those like me representing the sponsoring employer. She works collaboratively with advisers but constructively challenges the scope of services, fees and service standards whenever necessary and makes sure that member needs are always taken into account. I enjoy working with her and trust that she will deliver what is required by the trustee and the members they represent in a manner satisfactory to the sponsoring employer. ”
“They deliver above expectation when the scheme has a particular challenge.”
“In any major corporate transaction, time is of the essence. PSGS's pragmatic commercial approach helped us manage the pensions aspects of our group re-structure to ensure a positive outcome for all parties. ”
“PSGS offered the right support at very short notice, at reasonable cost, when we really needed it”
“The trustee training was a very well-paced overview which gave opportunity to explore ideas and question more deeply at key points.”
Tuesday, 26 May 2015
Should pension trustees be asking their scheme administrator to undertake a reconciliation of GMPs now?
With the end of contracting out looming large for defined benefit (DB) pension schemes, and HMRC changes that will make it more difficult to query contracted out liabilities after April 2018, this is an issue facing many DB schemes.
This PSIT briefing note looks at the approaches being taken to GMP reconciliation and considers why it is necessary at all.