Pensions Puzzle

With the introduction of the new pension rules from the 6th April 2006, pension schemes are in focus once again.

One of the major issues faced by companies remains, and this is the risk inherent within such schemes.

We have recognised these issues and have developed (in conjunction with strategic partners) a set of solutions that combine to form a unique approach to minimising or removing such risks. At Regent we have highlighted the major issues into “Governance Risk” and “Consulting Risk”.

The key Governance solutions within our puzzle cover issues affecting Trustee Knowledge and Understanding, Investment Policy Monitoring, Investment Management Control and the potential need to participate within Class Actions where any pension fund has exposure to US stocks.

The key consulting issues within our puzzle include:

1. Deferred Pensioner Solution: this aims to remove at least a proportion of the deferred pensioner liability by an offer to each member to transfer to a suitable alternative pension vehicle. Regent has developed a detailed process to enable this to happen in a clean, cost effective and compliant way.

1. Deficit Recovery Plan:  this will take the pension deficit “off balance sheet”, as well as improving the risk based part of the Pension Protection Plan levy and improve the security of benefits for members of the pension scheme