Pension Scheme Monitoring Services

Anyone involved in the financial aspects of running a business be it FD, Treasurer or even Chief Executive will all receive monthly reports and updates on a wide variety of financial issues affecting the business - except one, the pension scheme. As pension scheme liabilities now sit on the balance sheet, like any other debt, they should be monitored, reported and planned for in the same way as any other capital structure issue. This is not simply a matter of an actuary providing the company with the usual mechanical liability numbers. You require broadly based advice as to what to do about your pension issues; advice that is presented in the context of the company as a whole. We believe that advice and practical implementation of strategies to deal with pensions obligations, in the context of the Company's financial and strategic plans as a whole, is essential.

Here are some examples of where we can add real value to your pension scheme planning: Using alternative funding assets such as parental guarantees, letters of credit, credit risk insurance or contingent asset security;

  • Advice based on troubled borrower expertise, including sourcing of funds, where the pension liability necessitates balance sheet restructure;
  • Review of the current tax position;
  • Advise on the Impact on D&B failure score and PPF levies;
  • Accounting for Pensions : FRS17 / IAS19 / FAS

Contacts:

Charles Cowling, FIA Director | T: +44(0) 161 242 5388 | E: charles_cowling@jltgroup.com 

Robert Dales, FIA Director | T: +44(0) 779 909 4392 | E: rob_dales@jltgroup.com