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Closed Schemes
Barnett Waddingham offers full services to ongoing occupational pension schemes, schemes in wind-up, schemes in Pension Protection Fund (PPF), administration or in the Financial Assistance Scheme and to closed schemes.
When faced with the potential cost of wind-up, pension scheme trustees may instead choose to operate a closed scheme. Schemes may continue on the following bases:
- no further contributions are payable by or in respect of existing members in the scheme so that no future benefits accrue to existing members,
and/or
- no new members are admitted to the scheme.
The closure of the scheme does not necessarily lead to a wind-up.
We are pleased to provide services to a significant portfolio of closed schemes. This is a growth area of our business and we are accustomed to handling the specific requirements of these arrangements.
For full details, please click on the link below to our brochure:
Related DocumentsClosed Schemes (357.05 KB, .pdf)