Interim resources and project support
Short on resource, knowledge or experience?
There are times where you may need extra support with pensions management or a pension scheme project. Our team can help.
Our interim pensions support service helps you keep managing all your complex or time-consuming pension issues in-house in a cost-effective way. Examples of interim pensions projects we’ve worked on include:
- staff shortages due to maternity leave, long or short-term sickness or staff leaving service, where an interim can help during the search for and notice period of a new incumbent
- interim & consulting trustee appointments – eg during complex or sensitive projects such as scheme valuations & funding negotiations, investment strategy reviews or where there’s been a resignation
- strategic pension reviews – to help drive forward and execute pension strategy
- peak workloads & pension projects – eg GMP equalisation, defined contribution (DC) transfers, pension scheme consolidation or merger, M&A activity, pension buy-ins & buy-outs, pension scheme closures & winding up
- employee consultations during a proposed change to pension benefits or policy
- harmonisation of pension arrangements – eg across different DC providers or defined benefit (DB) pension schemes
- establishing a workplace DC governance committee framework
Meet our interim pension resource specialists
What are the benefits of our interim pension solutions?
You aren’t only recruiting one person – there’ll always be a ‘number 2’. You have the back up of a dedicated professional team with the expertise of the whole organisation behind them.
We’re highly flexible and properly resourced – able to respond to variable workloads and timings.
Immediate support – our experienced and friendly team are pre-screened, have relevant pension and trustee qualifications and can start straight away.
Adaptable to your changing needs – if you face a challenge that needs more senior expertise, greater experience or more time than your in-house resource can provide, we have experts who’ll understand the issue and be experienced in delivering in similar situations.
Strong adviser relationships – we aggregate and share knowledge gained from working with the universe of pension advisers, such as scheme actuaries and pensions lawyers.
A spread of experience and skills – fully in tune with the issues facing companies, pension trustees, pension managers and their in-house pension teams.
Case studies
Working quickly to understand true buyout position
This case study looks at how, as pension trustee, we found we could advanced this pension scheme towards buy out much more quickly than originally anticipated. Having locked down investment risk and agreed reduced contributions from the pension scheme sponsor, we’re now moving towards a full insurance broking exercise. Sharing this ‘quick test’ approach across the Vidett team has enabled other pension trustee boards to check whether their funding position is stronger than they thought.
PPF case: a lack of governance and poor internal controls
Appointment as a pension trustee to a pension scheme going through Pension Protection Fund (PPF) assessment could rarely be described as straightforward.
Packaging small/medium schemes to achieve competitive buy out terms
The extremely busy buy out market has made it very difficult to get quotes. This case study looks at how our idea to package 3 schemes together brought an insurer to the table who wouldn’t have quoted if they’d been approached for a PPF+ buyout for each scheme separately.
