Don’t break the bank – the trade-off between cash and security
Don’t break the bank – the trade-off between cash and security
PMI ACADEMY TRAINING SESSION BY PENFIDA
As schemes continue to mature and get ever closer to their endgame, trustees and sponsors are looking for innovative solutions that balance the security that trustees seek and avoid the risk of trapped surplus from a sponsor perspective. Non-cash funding solutions can be a very useful tool in this context.
These solutions can often require careful negotiation and detailed due diligence; however, when structured appropriately, can lead to win-win outcomes.
This training session will describe some of the main characteristics of non-cash funding structures, the key costs and benefits for trustees and sponsors, a selection of case studies, and the Pensions Regulator’s perspective.
-
Fees
Free -
2
speakers -
1 hour
of CPD -
Online
Zoom
Event Details
THE BASICS
By attending this training session, you will learn how to:
- The fundamentals of non-cash funding structures
- The key pros and cons of non-cash funding structures
- The questions that trustees and sponsors should consider
- The key areas of focus from the Pensions Regulator
The training will also include a Q&A session.
- Pension Scheme Managers
- Trustees
- Administrators
- Policy advisers
- Consultants
- Lawyers
- Corporate IFAs
- Investment managers
- Actuaries
- Communication professionals
Speakers
Hear from the experts
Rag advises clients in ongoing scenarios, such as triennial covenant reviews and regular covenant monitoring, and in corporate events, such as takeovers and restructuring. His clients include those in the industrials, pharmaceuticals, retail and telecoms sectors. Rag joined Penfida in 2014 after graduating with a BA in Economics and Management from the University of Oxford and is a CFA® charterholder.
Kelvin joined Penfida in October 2016 and advises pension scheme trustees and sponsors on employer covenant issues across a wide variety of sectors, including consumer, industrials, telecoms, services and utilities. Prior to Penfida, Kelvin was an associate at Gleacher Shacklock focusing on UK mergers and acquisitions. He graduated from the University of Cambridge with a MA in Economics in 2012 and is a native Mandarin speaker.
