Deferred Pensioner Solution

What are the issues?

Due to corporate activity over many years, the majority of members of many final salary schemes are deferred pensioners. These members represent a large proportion of the liabilities in the pension scheme. In addition, the pension scheme administration costs will be higher to maintain these records. All of this adds to the funding costs for the pension scheme.

Therefore, both companies and pension scheme trustees are looking for ways to reduce the liabilities in the scheme.

What is the Deferred Pensioner Solution?

The Deferred Pensioner Solution will allow you, with member consent to move the deferred pensioner liability out of the scheme to a suitable pension vehicle. Regent has developed a detailed process to make this happen in a clean, cost effective and compliant way. Members will be provided with a detailed transfer advice report to assist them with their decision. The whole processed is a managed end to end process. The compliance risk is taken away by Regent

If the transfer is concluded, the new pension scheme will be in the name of the individual and the scheme will no longer be responsible for the pension rights of the former member. The member will have control over their pension rights and, in some situations, be able to make further contributions to the new scheme with charges being lower than they could obtain themselves.