Pension scheme wind-up and deficit management

Rising costs and legislative change mean employers and trustees increasingly need expert advice on managing a pension scheme deficit or winding up a scheme altogether.

Pension Scheme Wind Up And Deficit Management

There are many reasons why a business might wind up a pension scheme and The Pensions Regulator has very strict rules governing how this should be done. It’s therefore essential that you have access to expert support and advice.

An increasing number of pension schemes are now in deficit, however there may be opportunities for employers to find ways to de-risk, manage deficits and reduce costs in other ways, for example, engaging insurers to provide all of the services required to run the scheme rather than outsourcing them to different suppliers, which is likely to be more costly.

Meeting your needs


We’re focused on providing non-standard solutions tailored to your business requirements and a personal service that means we’re available whatever your question, whenever you need us.


Our joined-up approach means you’ll have access to senior staff from across our diverse business, including pensions and employee benefits experts, employment tax professionals and discretionary investment managers.


Our highly trained team of experts are comfortable operating in what can be very sensitive areas such as negotiating ‘enhanced’ transfer values.

How we can help

  • Wind-up services: Providing wind-up services for both defined benefit and defined contribution occupational pension schemes, including:
    • project plans and timetables
    • consultancy and administration services
    • advice on all legislative requirements
    • member data reconciliation
    • recommendation reports
    • default investment option strategies
    • member communications and presentations.
  • Deficit management: Providing deficit management strategies for defined benefit arrangements.
  • Trustee services: Acting as an independent trustee through our Corporate Trust Company.

Our credentials


We are associates of both the Pensions Management Institute and the Chartered Insurance Institute, and members of the Personal Finance Society.


We have specialised in this field for more than 20 years.

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Steve Cave

Associate director, Financial services

Personal financial planning

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