“They are very proactive and full of new ideas, they've brought better scheduling and better minute sets.”
“Highly informative. Having leading professionals deliver the TKU course really adds value.”
“PSGS offered the right support at very short notice, at reasonable cost, when we really needed it”
“Ann and her team are very knowledgeable and proactive, liaise well with our other advisers and provide the Trustees with an invaluable secretarial service.”
“They have helped us save much more and created a cohesive plan to de-risk whilst building an integrated pension team.”
“PSGS was chosen because of their knowledge of the subject and awareness of our particular schemes.”
There are many situations where you may consider using the Pensions Regulator’s clearance process - especially those that may be of material detriment to your defined benefit (DB) pension scheme and its members. These include:
Typically, when a TPR clearance application is being made, pension trustees and the scheme sponsor are likely to be in a position of disagreement and potential conflict. PSGS's experience as professional independent trustees, and trained mediators, together with our close working relationship with The Pensions Regulator, mean we can steer you through the clearance process and come to agreement quickly and efficiently, no matter how complex your situation is.
Our client: a leading publishing house
What we did:
We organised an independent covenant review. This stated the pension schemes’ sponsor would be less financially robust after the de-merger, but the covenant would not be significantly reduced because the group’s legal obligation to the schemes was uncertain.
Despite this, the group wanted to apply for clearance from The Pensions Regulator. In return for the pension trustees’ support of their application, as an independent trustee we were able to negotiate substantial payments into the pension schemes and some additional financial support from the wider group for the scheme sponsor.
If you would like to find out more about how we can help you with your Pensions Regulator clearance application, please contact us.