Nationwide air conditioning supplier

Sector: Pensions

A corporate employer was significantly loss making and could no longer support the deficit in the legacy pension scheme for which it was the employer.  FRP Advisory’s pensions team devised a restructuring proposal which was then presented to the scheme trustees and the Pensions Regulator.  Following a period of negotiation, the restructuring proposal was implemented, saving viable parts of the business.  This preserved employment for 65% of the employees and resulted in a significant dividend being available to the pension scheme.

 



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FRP Advisory LLP is incorporated in England and Wales under the Limited Liability Partnerships Act 2000 as a Limited Liability Partnership. Partnership Number: OC355680.

Registered office: 10 Furnival Street, London EC4A 1YH. A list of members’ names is open to inspection at this address.

Locations: East Midlands, Eastern Region, Kent, London, North, Northern Home Counties, South West, Sussex, West Midlands

www.frpadvisory.com