The number of occupational pension schemes continues to shrink as an increasing number of small schemes look to merge in order to benefit from economies of scale and deal effectively with regulatory and compliance issues.
A merger often makes sense in terms of cost and time management, saving on duplicated fees and avoiding separate trustee boards. However, the merger process itself is complex and there are many regulatory pitfalls. The team at Arc Pensions Law is highly adept and experienced in this area. We take all issues into consideration, from the balance of powers to funding, regulatory notifications to tax implications and sectionalisation to trustee appointments. We help to ensure that the process is carried out smoothly and swiftly, verifying that issues are dealt with in full, that the resulting scheme operates effectively and that the appropriate cost and time saving measures have been taken.