DISTRESSED COMPANY SOLUTIONS

In situations where pension scheme funding proposals cause financial distress to employers, or where the existence of a pension scheme inhibits the ability of the employer to obtain or renew financing, employers and trustees are often unaware of the options available, other than insolvency proceedings or application to the Pensions Regulator (TPR) and Pension Protection Fund (PPF) to put in place a compromise deal.

At Alexander Forbes Trustee Services we have both the experience and, importantly, specialist expert contacts in legal, actuarial and finance fields to propose and drive through alternative proposals. These may involve charges over property (tangible or intellectual), future profit stream or parent company guarantees. In addition, any negotiated agreement would need to be presented and approved by TPR.

There can be no ‘one size fits all’ solution in these circumstances. We will be happy to discuss your circumstances, initially at no charge, and to put together a team to create a tailored solution which can enable employer and scheme to continue, without necessarily triggering wind-up or insolvency.