Multi-employer Defined Benefit Schemes

[vc_section css=”.vc_custom_1596014253675{background: #7f8c8d url(https://www.broadstone.co.uk/wp-content/uploads/2020/07/romain-v-nMDp15T4lJ0-unsplash-scaled.jpg?id=7037) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}” el_class=”mask”][vc_row css=”.vc_custom_1593703873762{padding-top: 100px !important;padding-bottom: 100px !important;}”][vc_column][vc_empty_space height=”50px”][vc_custom_heading text=”Multi-employer Defined Benefit Schemes” font_container=”tag:h1|font_size:40|text_align:center|color:%23ffffff|line_height:0.9″ use_theme_fonts=”yes” css_animation=”none” el_class=”custom-hd delay-2″][vc_empty_space height=”20px”][vc_separator color=”white” border_width=”5″ el_width=”10″][vc_empty_space height=”20px”][vc_column_text]

Minimising concerns around rising costs and growing risks.

[/vc_column_text][vc_empty_space height=”50px”][/vc_column][/vc_row][/vc_section][vc_section el_id=”sectors” css=”.vc_custom_1587550400074{padding-top: 50px !important;padding-bottom: 30px !important;}” el_class=”gradient3″][vc_row gap=”35″ content_placement=”middle”][vc_column width=”1/2″][vc_single_image image=”5303″ img_size=”1170×700″ style=”vc_box_shadow” css_animation=”fadeInLeft”][vc_empty_space height=”20px”][/vc_column][vc_column css_animation=”none” width=”1/2″ el_class=”delay-1″][vc_custom_heading text=”The Changing Pensions Landscape” font_container=”tag:h2|font_size:30|text_align:left” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal”][vc_empty_space height=”20px”][vc_column_text css_animation=”fadeInRight”]The pensions landscape has changed significantly over the course of the past 10 years and employers are now needing to address many different issues related to multi-employer DB schemes. These include:

  • Increased contributions
  • A lack of control
  • Section 75 Exit Debts
  • Orphan liabilities attributed to insolvent participants


What can be done to manage the costs and the risks?

Sadly, there is no ‘magic wand’ that will simply fix the issues associated with defined benefit pension provision.

However, and positively, there is much that can be done to help employers who are affected to control and manage their positions within multi-employer schemes. The key is in being well informed and effectively positioned to do so.

For many employers we advocate creating a long-term practical and viable plan to help keep the costs and risks under control.[/vc_column_text][vc_empty_space height=”50px”][/vc_column][/vc_row][/vc_section][vc_section css_animation=”none” css=”.vc_custom_1587471733050{padding-top: 50px !important;padding-bottom: 60px !important;}” el_id=”overview”][vc_row gap=”35″ content_placement=”middle”][vc_column css_animation=”none” width=”1/2″ el_class=”delay-1″][vc_custom_heading text=”How we can help” font_container=”tag:h2|font_size:30|text_align:left” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal”][vc_empty_space height=”20px”][vc_column_text css_animation=”fadeInLeft”]At Broadstone we proactively work with employers to help them manage their positions within multi-employer, often industry-wide, Defined Benefit pension schemes.

These schemes typically include public sector arrangements such as the Local Government Pension Scheme (LGPS) as well as schemes provided by TPT Retirement Solutions (the Pensions Trust).

We have significant experience and expertise advising employers that participate within the various LGPS arrangements and those provided by TPT Retirement Solutions.

We are the appointed advisers to the employer groups of the TPT Growth Plan and the TPT Independent Schools’ Pension Scheme.

Our clients include charities, independent schools and other not-for-profit organisations.[/vc_column_text][vc_empty_space height=”50px”][/vc_column][vc_column width=”1/2″][vc_single_image image=”5302″ img_size=”1170×700″ style=”vc_box_rounded” css_animation=”fadeInRight”][vc_empty_space height=”20px”][/vc_column][/vc_row][/vc_section][vc_section css=”.vc_custom_1595435993254{padding-top: 50px !important;padding-bottom: 15px !important;background-color: #181223 !important;}”][vc_row gap=”35″ equal_height=”yes” css=”.vc_custom_1595435049489{margin-right: 0px !important;margin-left: 0px !important;}”][vc_column width=”1/2″][vc_empty_space height=”35px”][vc_custom_heading text=”Get in touch” font_container=”tag:h4|font_size:30|text_align:left|color:%23ffffff” use_theme_fonts=”yes”][vc_empty_space height=”15px”][vc_column_text]Broadstone is a team of experts who are passionate about the ever-changing world of pensions and benefits. As such, they have hundreds and thousands of ideas, views and events to share with you to meet your business needs. Our business believes and promotes a people first culture, both internally and to you, our clients.

We believe in our core values and the culture they deliver. We know that when we all work as a team and combine our vast reservoir of expertise and knowledge, we will deliver results to our clients, maintaining the personal touch that can be so often missing in today’s business world.

100 Wood Street, London, England, EC2V 7AN
P: 020 3869 6900  | Ecorporate@broadstone.co.uk[/vc_column_text][vc_empty_space height=”40px”][/vc_column][vc_column width=”1/2″ css=”.vc_custom_1595436093105{padding-top: 20px !important;padding-right: 60px !important;padding-bottom: 20px !important;padding-left: 60px !important;background-color: #eef1f4 !important;background-position: center !important;background-repeat: no-repeat !important;background-size: contain !important;border-radius: 3px !important;}” el_class=”bg-bottom”][vc_row_inner][vc_column_inner css=”.vc_custom_1595435394186{padding-right: 10px !important;padding-left: 10px !important;}”][vc_column_text][hubspot type=form portal=6562331 id=d314c884-bbb3-428c-8fb8-d1b740bbb848][/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][/vc_section]