client16

Trustee of a Retirement Benefits Scheme dating back to the 1960s that was neglected administratively. Also acted as Trustee of the related Pension Trust Fund, with a joint capital value of £2.5M. Both schemes presented unique issues: tracing missing beneficiaries, funding shortfalls, dealing with scheme auditor, dealing with Pensions Regulator, asset and income re-allocation from the sponsoring employer, administrative problems due to lack of stewardship, legal alteration of Trust Deeds to enable corrective actions and misallocation of funds between company and both schemes. Resolved all the problems, winding down the latter and leaving the former up to date and complete in all aspects.