“Great communication and practical help.”
“As a pensions novice, I felt that the trustee training course gave me a good grounding.”
“They deliver above expectation when the scheme has a particular challenge.”
“These days, Boards need real expertise on tap (with excellent back-up) to cope with a constantly evolving and more regulated environment. PSGS is geared to delivering that.”
“Gillian and Curtis provide an excellent service to the trustees. They are approachable and possess a huge amount of knowledge. Everything appears to work smoothly which I am sure is due to the immense amount of work they do in the background to ensure all paperwork is available and up to date.”
“Highly informative. Having leading professionals deliver the TKU course really adds value.”
In pensions, the account would hold monies paid by the pension scheme sponsor. Funds are protected and would only be released to either the pension scheme or the employer when certain pre-agreed trigger points are reached. Escrow accounts are often used at the time of a corporate acquisition or disposal to help manage risk and deliver certainty and security.
We act as an independent third party managing both pension and non-pension escrow accounts.
As well as handling all fiduciary duties and managing the receipt, investment and payment of funds, an added advantage of using a third party to manage an escrow account is the funds will be preserved in the event of an insolvency.
To learn more about escrow accounts and our escrow agent service, please contact us.
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How a leading commercial bank benefits from using a healthcare trust
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