Pensions webinar for DB Sponsors - webinar slides - 23 October 2024

Webinar

Webinar for DB Sponsors Agenda 1. The new funding regime – what steps to take to prepare? 2. Run-on vs buy-out – why would employers consider it? 3. Corporate transactions with DB schemes – how to manage risk? 4. Virgin Media – how should employers approach the case?

Webinar for DB Sponsors Actions for Employers New Funding Regime 1. Seek training - separate from the trustees? 2. Consider how to share info with the trustees? 3. Remember that the plan is “notional” (and understand scope of legal duties) 4. Understand where your scheme stands against fast-track Run-on vs Buy-out 1. Engage early with trustees and advisers 2. Be sure to understand investment strategy and scheme powers 3. Know your philosophical approach Corporate Activity 1. Understand TPR’s powers and the impact of your transaction on the scheme and do not under estimate time needed to fully consider 2. Know what you need to tell trustees and TPR (and when) 3. Remember that a range of corporate activity may impact a DB scheme 4. Manage potential conflicts of interest/duty Virgin Media 1. Seek to understand the case 2. Discuss with the Trustees 3. Consider how to engage with, and what to say to, the auditors