Ad hoc review
Prior to the recent merger of two well-known media companies, we were asked by the Trustees of the pension scheme of one of the companies to advise on the effect of the merger. We advised the Trustees that the merger would not have a detrimental effect on the employer’s covenant.
Desktop review
We recently advised the Trustees of a pension scheme which had a huge deficit in relation to the assets and profitability of the employer, and reported on the available options together with an analysis of the outcome in the event of the insolvency of the employer.
Ongoing monitoring
We are currently providing ongoing monitoring on the strength of the sponsoring employers for the trustees of a multi-employer scheme. This includes a critical review of the employers’ financial information and reporting to the trustees on matters to be addressed in their negotiations with the individual employers.
