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Buy-side Pensions Support

Acquisition due diligence & pensions strategy

In current market conditions it is more important than ever for purchasers to understand the risks and costs of a potential target’s pension, post-retirement medical and other benefit plans.

Our actuaries and pension strategy consultants will work with you to make sure that you understand the size and risk of your target’s employee benefit plans and the options to manage these risks in future.

Our buy-side transaction services include:

Pensions - Acquisition due diligence 

How can we help?

Our focus of work can be tailored to best suit your key priority areas and can, for example, include due diligence covering:

  • the nature of the target’s pension plans and the proposed treatment of the plans in the transaction;
  • the financial and actuarial implications of the Target’s pension and employee benefit plans on the transaction;
  • the approaches commonly used by purchasers to allow for pensions in a transaction for business valuation purposes;
  • the pensions items in the target’s financial projections (including any normalisation adjustments);
  • the potential impact of the transaction on the expected future cash requirements of the target’s benefit plans, including the potential impact of the transaction on the employer covenant;
  • the strategic risks to the Purchaser arising from the pension and employee benefits plans’ investment strategy;
  • the powers, role and potential position of the pension trustees and the UK Pensions Regulator in relation to the proposed transaction; and
  • the anticipated impact of complying with the 2012 Employer duties.

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Pensions Strategy 

How can we help?

Our focus of work can be tailored to best suit your strategic planning on the pensions issues, for example:

  • the potential opportunities to reduce the risks arising from target’s pension arrangements for example by amendments to investment strategy, reviewing future service benefits or de-risking legacy pension liabilities;
  • advice in relation to on-going funding requirements, investment strategy, future service benefits or de-risking of legacy pension liabilities; and
  • support in discussions with the pension trustees and the Pensions Regulator.

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Key contact

  • David Robbins
    Partner,
    Total Reward & Benefits,
    Tel: +44 20 7007 2810.
  • Paul Geeson
    Partner,
    Total Reward & Benefits,
    Tel: +44 20 7303 0878
  • Tony Clare
    Partner,
    Total Reward & Benefits,
    Tel: +44 161 455 8392.

Find out more

Useful links

  • Meet the team
  • Submit a request for proposal
  • Contact us
  • Careers
  • Return to Pensions Advisory homepage
  • Return to Actuarial & Pensions homepage
  • Corporate Finance - Transaction Services

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