Restructuring and special situations for Corporate Finance services
If you’ve ever been involved in restructuring a business with a defined benefit (DB) pension scheme, you’ll know just how complex it is. Apart from requiring specialist expertise, the process also needs up-to-date knowledge of the changing regulatory landscape – especially these days, with the increasing likelihood of regulatory intervention (highlighted by the Pensions Schemes Act 2021, which introduces the risk of personal criminal offences).
You’ll generally need to assess the options for managing and/or compromising pension scheme liabilities through a range of restructuring solutions which require proactive engagement with key stakeholders (including regulators). You’ll also need to understand the impact on the covenant and how any adverse impact might be mitigated. Finally, you’ll also need to get a handle on the ‘moral hazard’ risks associated with restructuring plans, particularly if the outcome is indeed likely to be highly adverse to the scheme.
With their up-to-date knowledge of the changing regulatory landscape, our specialists are ready to help you to deliver creative solutions which optimise outcomes for all stakeholders.