We work with the scheme’s advisers during the assessment process, which can last up to two years, to investigate two key questions:
- Can the pension scheme be rescued?
- Can the pension scheme afford to secure benefits which are at least equal to the pensions we can pay?
If the answer to either of these questions is ‘no’, and the relevant processes have been completed, the scheme members will be transferred to us.
If the answer is ‘yes’, the scheme will either continue or wind-up without our involvement.