“Quantum has been both pro-active on raising issues, but also quick to react to demands we have placed on them.”
David James | Julian Hodge Bank Ltd
Pension scheme closure and wind-up
Our teams have many years experience in dealing with scheme wind ups for both DB and DC clients. We are able to offer assistance to trustees and sponsoring employers at a number of different levels, with the aim of clarifying the work that needs to be undertaken and making a clear path for progress.
Perhaps the most important aspect of a scheme wind up is ensuring member data is complete and accurate, so we work with clients to ensure that data is fully cleansed prior to wind up and all member records are traced.
The closure and subsequent wind up of any scheme can be a distressing time and ex-members may feel anxious about their accrued benefits. Open and clear dialogue with these members during this period is paramount. We can agree the nature and frequency of all communications up front with you beforehand.
Our scheme actuaries work closely with trustees and the sponsoring employer on scheme funding prior to and during any wind up. Our pragmatic approach and ability to apply our experience to each individual scheme's circumstances has proved vital in dealing with scheme wind ups.