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Winding up a pension scheme

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We were set a challenging timescale for winding up a pension scheme by the Japanese parent company to one of the schemes to which we were appointed trustee.

We met the deadline and managed to remove the pension scheme from the company’s balance sheet and ensure all of the members' benefits in full.

The company gave us notice that they wanted to wind up the scheme by their accounting deadline. We project managed a significant amount of legal, actuarial, covenant and administration work in a short period of time and entered into a £50m transaction with an insurance company in order to remove the liability from the company's books.

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