Working together to complete a complex wind-up

We’re proud to have helped the trustees of the John Swire & Sons Pension Plan to wind up the FPF Section. The trustees met their long-held objectives of securing members’ pensions while avoiding reliance on the company.

In this case study, we discuss how we achieved results at every step by working as one team, focused on clear decisions, disciplined execution and member outcomes. We cover:

• successfully navigating key scheme complexities, including additional voluntary contributions (AVCs), historic annuities and company-funded benefits;
• the disciplined cost management and contingency planning that gave trustees confidence in a final material surplus; and
• aligning technical decisions with practical delivery, keeping a clear focus on member outcomes.

Click the button below to explore the full case study. 

Read our case study

If you have any questions, or would like to discuss how we could help your scheme, please get in touch.

This communication has been compiled by Hymans Robertson LLP® (HR) as a general information summary and is based on its understanding of events as at the date of publication, which may be subject to change. It is not to be relied upon for investment or financial decisions and is not a substitute for professional advice (including for legal, investment or tax advice) on specific circumstances. HR accepts no liability for errors or omissions or reliance on any statement or opinion. Where we have relied upon data provided by third parties, reasonable care has been taken to assess its accuracy however we provide no guarantee and accept no liability in respect of any errors made by any third party.