As well as advising ongoing schemes, Ben heads up our PPF Services team with over ten years’ experience and expertise advising distressed schemes transferring to the Pension Protection Fund (PPF) and leading on many large, high profile cases including BHS.
leading teams delivering a wide range of schemes to the PPF with liabilities up to £2bn
advising UK and multi-national companies on funding, benefit design and financial reporting
We played a critical role in helping secure the pensions of 9,000 BHS staff. Our work for this client has been very much a team approach, with a number of service areas coming together to provide advice and support to achieve a superb result.
The BHS2 pension scheme has concluded a buyout with Pensions Insurance Corporate (PIC) covering £800 million of liabilities and all of the approximately 9,000 members.
Barnett Waddingham has successfully transferred the administration for five sections of the Industry-Wide schemes to the Pension Protection Fund (PPF) - the largest transfer to the PPF since it brought its member services in-house.