As the ‘crisis’ surrounding final salary pension schemes continues to deepen, we are well positioned to consult and advise any employers with these schemes. We will carry out a thorough audit of any final salary scheme before providing a comprehensive analysis identifying:
- Present and potential liabilities
- Analysing data in light of current and proposed changes in legislation
- Potential taxation consequences of advice given
We have a clear understanding of the opportunities and often the need to restructure final salary benefits, and reduce the running costs. We also have an comprehensive knowledge of the dilemmas that trustees and company directors face when considering the impact that legislation, mortality rates and investment returns can have on these schemes and indeed can advise on the ongoing viability of a final salary pension scheme.