Services

Scheme Mergers

Sponsoring employers who, for historic reasons, operate several pension schemes, often wish to merge these arrangements for reasons of efficiency, and to attract other advantages and economies of scale.

Pension Partners has provided advice in respect of many proposals to merge pension schemes, acting for the sponsoring employers of the schemes, or the transferring or receiving scheme trustees.

Our involvement is tailored to the particular party we advise and includes the following:

• preparation of a project plan and management of the merger process
• advising on the powers held by the sponsoring employers and the trustees of the transferring and receiving schemes
• advising in respect of the transfer process
• advising in respect of any required amendment of the transferring or receiving scheme and negotiated terms of the merger
• preparation of member communications
• preparation of a merger agreement
• advising in respect of the winding up of the remaining trust of the transferring scheme post merger