“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.”
“PSGS were overall more professional than others.”
“They deliver above expectation when the scheme has a particular challenge.”
“They are very proactive and full of new ideas, they've brought better scheduling and better minute sets.”
“The team provide an excellent service with practical and commercial input that we have not found with anyone else.”
“The trustee training course covered a wide variety of subjects which gives a good basis for future discussion and decision making during trustee meetings.”
In the pensions context, 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.
In addition to handling all fiduciary duties and managing the receipt, investment and payment of funds, an added advantage of an escrow account managed by a third party is that 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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