Consultancy Services

PCS Alert - July 2010
Contact
Simon Taylor FIA Simon Taylor FIA /uploads/contacts/contact_21.jpg 6 Crutched Friars London EC3N 2PH 020 7895 7809 0792 054 3015 simon_taylor@jltpcs.com Simon has over 20 years' experience of advising companies and trustees on all aspects of their pension and benefit arrangements. After spending more than 15 years at a competitor firm, specialising in giving advice to pension scheme sponsors, Simon joined what is now JLT Actuaries and Consultants in 2006 and was Head of Corporate Consulting before becoming part of the JLT Group in late 2009. Simon currently sits on the Board and Executive of Pension Capital Strategies with a specific focus on driving sales and introducing new initiatives. His current clients range from FTSE 100 retailers through well known media companies to small family run businesses. Whilst mainly giving advice to companies, he also has several Scheme Actuary appointments which enable him to give more rounded advice to clients. In particular, Simon specialises in risk and liability management and reduction, scheme funding and accounting and benefit design.

Valuations and the Pensions Regulator

When the pension debt becomes unmanageable, the Pension Protection Fund (PPF) may be the only available alternative. In such circumstances, a compromise agreement with the PPF is in all parties' interests.

The objective is to free the business from its pension debt allowing the business to continue to trade, with the PPF taking the liabilities in exchange for agreed corporate assets and or equity.

The management and negotiation of such deals - with trustees and the Pensions Regulator - is highly sensitive and requires the breadth of skills and experience across corporate restructuring using Company Voluntary Arrangements (CVA), negotiating settlements with the PPF and individual member deals.

PCS offers a package of skills and experience across all these areas.