Recent research has suggested the number of final salary or defined benefit pension schemes closed to future accruals could treble in the next four years, with 2007 predicted as the year which sees an acceleration in the trend.

If you've reached a point where your pension scheme has to close, whether simply to new members or to future accrual for existing members, you'll need to investigate viable and pragmatic exit strategies to achieve a satisfactory outcome in a manageable time scale.

There are many different reasons why some schemes have taken up to ten years to reach final closure.  At HPW, we understand the pitfalls; in particular, the wide range of funding, investment and regulatory issues. We work closely with other professionals to deliver co-operative and pragmatic solutions that facilitate the winding-up process. Hughes Price Walker specialists will help identify any potential delays inherent in or affecting your scheme, managing the whole project through to a timely and cost effective outcome.