The current state of funding of DB schemes has pushed many of the sponsoring employers of these schemes to consider how to minimise their defined benefit liabilities and risks. In order for the liability management process to be successful, a number of key stakeholders need to be managed. These are: the trustees of the scheme;… Continue Reading
Category Archives: Scheme Restructuring
Subscribe to Scheme Restructuring RSS FeedSovereign Annuities – Nearly a Reality
Posted in Administration, Funding, Investment, Pensions Board, Scheme Restructuring, TrusteeshipAfter much talk over the past 2 or 3 years, at last sovereign annuities have become a reality… nearly. This week, I was one of the speakers at the launch of the first sovereign annuity approved by the Pensions Board. Getting to this point is a major milestone in the long journey towards being able to… Continue Reading
Five Key Irish Pension Issues in Corporate Transactions
Posted in Corporate Transactions, Funding, Scheme RestructuringPension issues can be a major factor influencing merger and acquisition activity. Companies may pull out of deals due to uncertainty around pensions (especially uncertainty over the funding of defined benefit plans). Pension plan deficits are now part of corporate life and how the deficit and the other pension issues will be dealt with needs to… Continue Reading
Trustee contribution demands: is there a duty to make them?
Posted in Scheme RestructuringAs more and more sponsors of defined benefit schemes are preparing to terminate contributions to their schemes or are going into receivership, examinership or liquidation, a question which keeps arising for trustees is whether or not they are under a duty to demand payment of the scheme’s deficit. When trustees either know or have a… Continue Reading
Managing Occupational Pension Schemes in Crisis: 5 things to Consider
Posted in Funding, Scheme Restructuring, TrusteeshipThe continuing economic crisis sees those with responsibility for pension schemes faced with a number of complex issues. There are a number of core issues which we are seeing consistently arise. These include the following: Check the Power of Amendment Check Employment Contracts Check the Effect of the Change Conflict, Confidentiality and Consultation Obtain Advice
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