Quoted plc
Sector: Pensions
A corporate employer had experienced financial difficulties during the economic downturn, such that it had to refinance its operations. The refinance required a change in lending priority. FRP Advisory’s pensions team provided advice to the pension scheme trustees in respect of a clearance application to enable them to maintain the status quo as regards the syndicate of lenders, and to agree to a valuation and schedule of contributions to maintain the funding position of the pension scheme.

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