Funding Negotiation Service
A defined benefit pension scheme is a significant business risk to any employer who sponsors one. The volume and volatility of the pension liability can easily destroy a company’s profits.
The time when risk is most clearly defined is when the company and the pension trustees negotiate over funding.
The funding negotiation can be one of the most demanding matters that the company executive has to deal with. The results of the negotiation can be very significant, yet it is a matter that is unfamiliar to them and it can be hugely time consuming.
Our Funding Negotiation Service is designed to provide the company with the expertise and resource needed to develop a robust and reliable argument for the right funding plan for all parties while also controlling the costs of the advisors on both sides.
How the service works
PTL is appointed by the company as an advisor. This would normally happen at the start or even before the start of the funding negotiations but it can also happen during the process.
We will work with the company to:
- Understand the balance of powers
- Understand the constraints that limit the range of possible solutions
- Understand the company’s objectives and help to express them
- Understand the trustees objectives and proposals
- Develop arguments in support of a preferred outcome
- Express the outcome and explain the arguments to the trustees
- Negotiate with the trustees
- Ensure everything is properly documented in a manner that would satisfy regulatory scrutiny
Your commitment
- To provide us with the scheme and company information we need to deliver the service
- To pay our fees as agreed with you when you appoint us
Please contact us for further information