At WTW, we understand that pension schemes with underpins to benefit structures present unique challenges. While these arrangements were designed to offer members additional security, they now come with significant financial and administrative burdens for trustees and sponsors. Our team specialises in helping schemes navigate these complexities through implementing effective solutions that balance member interests with operational efficiency.
Managing a scheme with an underpin comes with various challenges, including rising costs and inefficiencies, investment risks, member confusion and insurability concerns. Mitigating these issues through a de-linking of an underpin requires careful planning and execution and our team works closely with trustees and sponsors to explore the alternative pathways that achieve de-linking, while maintaining fairness, compliance, and financial stability.
We leverage our deep industry expertise to guide pension schemes through this transition in a way that is fair, effective, and tailored to their needs. Contact us today to discuss how we can support your scheme's journey toward a more sustainable pension structure.
