Services
Scheme and Corporate Restructuring
The nature and complexity of re-structuring varies from scheme to scheme depending on the scheme provisions, the company, contracts of employment and organisation culture. We advise trustees and employers on the closure of their scheme to future accrual and in relation to a change in benefit structure (the most common being a change from final salary to career average or defined contribution).
Our role includes:
- drafting employee consultation
- drafting member communication
- amending scheme documentation.
We also work closely with employment lawyers, pension consultants and the client’s management.