TRUSTEASE

TrustEase has been designed to relieve Insolvency Practioners of the pension burden. Providing the Trust Deed and Rules allow the Insolvency Practitioner (acting on behalf of the employer) to appoint and remove trustees, we can be appointed as sole independent trustee in place of the existing trustees. This eliminates the Insolvency Practitioner’s involvement with the pension scheme and transfers all of the risk of acting as trustee to Alexander Forbes Trustee Services.

We will arrange for the production of a Deed of Appointment and Removal to be signed by the Insolvency Practitioner and ourselves. A fixed fee will be quoted on the PensionBrief report covering the entire process of winding up the scheme. This fee will be payable up front by the IP at the time the Deed is drawn up.

TrustEase is designed to speed up the process of winding up company pension schemes and to reduce the overall costs and risks in an insolvency appointment.