Managing a pension scheme through a Pension Protection Fund (PPF) assessment period is a challenge that is being faced by an increasing number of schemes. There are complex technical issues to address whilst minimising the time taken to complete the assessment period. In addition, trustees and advisers need to communicate effectively and sensitively with members who may be worried about their pensions.
Barnett Waddingham has a specialist and dedicated team of experienced individuals who have helped guide and assist trustees through the assessment period. We were instrumental in achieving the successful transfer to the PPF of one of the first and largest schemes to enter an assessment period.
Our aim is to make sure that schemes transfer as quickly and efficiently as possible, within PPF targets. We work closely with the scheme's PPF caseworker and the trustees, ensuring progress in line with the project plan.
Effective project management, meeting budgets and timescales is understandably becoming a key issue for the PPF. However, we never lose sight of the ultimate customers - the scheme members.
We provide the full range of services as required by trustees and the PPF including: actuarial and consultancy pension administration investment consultancy discharging defined contribution benefits managing the assessment period member communications and helpline data and benefit audits general advice Full details of all these services can be found in our brochure: