Scheme Terminations

The termination of a pension scheme can be caused by a variety of circumstances. The most important aspect is ensuring a fair settlement is secured for the pension scheme members.

Spence Scheme Terminations Architecture
The Scheme Terminations practice is a key part of our business with a proven track record of delivering termination projects to a consistently high standard.

“There is a minefield of governance and compliance issues, so specialist expert advice is vital to successfully steer through the pension scheme termination process”

Pension scheme closure and ultimate wind up or transition to the PPF or FAS is understandably a process that requires meticulous planning and control. There is a minefield of governance and compliance issues, where specialist expert advice is vital to successfully steer through the pension scheme termination process.

Managing the practical implications of termination

  • A robust project plan bought into by all advisers to ensure continuing commitment to delivering the best possible outcome as quickly as possible.
  • Regular progress reviews and updates to maintain momentum
  • Proactive and meaningful communication with pension scheme members.

As the Scheme Termination practice’s sole focus, these projects are supplied with up to date knowledge, project management and implementation and reporting techniques tailored to this process.

The Scheme Terminations practice is led by Connie Johnstone who has over 40 years in the pension industry and a hands-on approach to the management of termination projects.

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