Pensions team advised a sponsoring employer

BTG Advisory’s Pensions Advisory team advised a trading business on options in respect of its defined benefit pension scheme which was unaffordable. 

Rather than place the employer into a formal insolvency procedure, our team was able to agree with the Pensions Regulator and the PPF that a Regulated Apportionment Arrangement should be implemented, which enabled to employer to continue trading outside insolvency, with the liability for the scheme passed over to the PPF.