Pension Scheme Wind-Up Services

Our Services

The Discontinuance division within JLT has a specific area solely focused on discharging defined contribution (DC) assets in trust-based pension schemes.

We can help you with:

  • Full wind-up of a DC Pension Scheme
  • Wind-up of a DC section of a hybrid Pension Scheme
  • Securing AVC assets for a DB Scheme
  • Discharging DC pensions for a section of Scheme membership (i.e. ex-members of staff)
  • Bulk occupational DC pension transfers (i.e. into a Group Personal Pension)

Services that we can deliver to you:

  • Advice: Providing advice to trustees and sponsoring employers on how to secure DC assets outside of their scheme
  • Support: Delivering administration support throughout any DC wind-up or bulk transfer exercise
  • Communications: Making sure that changes to occupational pension schemes are delivered clearly and positively to scheme members

Why secure DC assets outside of your scheme?

For Trustees
  • Delivering Value For Money to members as part of a Scheme review
  • Provide members access to pension freedoms 
  • Education and engagement for members through provider websites / helpdesk / communication material
For sponsoring employers
  • Removing ongoing and increasing costs for running trust-based pensions 
  • Target employee benefit spend more effectively 
  • Ceasing responsibility for ex-employees in your pension scheme
  • Allow key staff to focus on their business role rather than running a pension scheme

Contacts:

Tom Pook, Head of Discontinuance | T: +44(0) 117 968 9695 | E: tom_pook@jltgroup.com

Philip Moran, Discontinuance Consultant | T: +44 (0) 207 558 3044| E: philip_moran@jltgroup.com