With great sadness and reflection, we join the nation in mourning the death of Her Majesty Queen Elizabeth II and make our tribute to a monarch who has been our guiding light for seven decades. Our thoughts and condolences are with the Royal Family.
By Ben Fowler, Managing Director of Western Pension Solutions If you’re a family business with a legacy final salary scheme, a full buy-out of your scheme with an insurance company will almost always be the best outcome for all stakeholders. For your business, it removes an unpredictable non-core liability from the balance sheet and liberates…
Our Story Our company scheme had developed and grown considerably over time and, by 2012 our longstanding company pension scheme had liabilities of over £500m. As a key influence on the company balance sheet, the strategy for the scheme was an important part of our discussions for the future of the company – especially when…
FBU Scotland is delighted to be embarking on an inaugural Family Business Road Trip across Scotland to really put Scottish family firms on the map! Family firms are clearly the backbone of the Scottish economy and as the recent FBU Scotland research highlights, the Top 100 Scottish Family Firms generate £16.6 billion in turnover and…
Western Pension Solutions (WPS), the specialist pensions consultancy that provides strategic and practical advice to family businesses, has announced the recent appointment of Yorkshire-based pensions adviser Jon Sharp as a Director. Sharp brings further expansion of WPS’ expertise and reach in the sector and follows the appointment of David Dickson as Non Executive Chairman earlier…
Western Pension Solutions (WPS), the specialist pensions consultancy that provides strategic and practical advice to family businesses, today announced it has successfully advised Jarrold & Sons Ltd on a £19m buy-in, thereby reducing Jarrold’s pension risks and securing the pension payments for more than 500 members. Jarrold is one of the longest established businesses in…
Group head of reward Ben Fowler at family owned company Vestey Group explains how they took a multi-step approach to de-risking, culminating in a buyout Family-owned food and farming business Vestey Group de-risked its £500m 14,000 member Western United Group Pension Scheme over the course of three bulk annuity purchases, culminating in a buyout. Two…
