| In any
pension scheme the prime responsibility for safeguarding members' interests
lies with the trustees. These interests frequently conflict with those of
the employer, especially when a scheme is winding-up. The appointment of
an independent trustee gives invaluable support to the existing trustees
and reassures the members throughout the wind-up process. We
work with the advisers to each scheme, and help the existing trustees
get the best possible service and value. We give guidance through the
increasingly complex regulatory and legal requirements to ensure that
each wind-up is completed in a proper and timely way.
The start of a wind-up extinguishes the long-term aims of a scheme. Short-term
issues take over and a key goal becomes the orderly and efficient completion
of the wind-up, while balancing the interests of each party. Our understanding
and experience of the wind-up process enables us to find efficient, equitable
and pragmatic solutions.
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