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,
- 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.Related DocumentsClosed Schemes (357.05 KB, .pdf)
For full details, please click on the link below to our brochure: