Family firms of all sizes around Scotland are in the spotlight once again as The Herald celebrates one of the most important sectors of the Scottish economy. Family firms are now able to enter the seventh Herald Scottish Family Business Awards, held in Association with Business Gateway. There are eleven categories to enter this year, as…
Western Pension Solutions (‘WPS’) have have teamed up with Family Business United (‘FBU’) to launch a new resource for the family business community. The Heritage Library is the latest bespoke resource centre that is being created by the teams at WPS and FBU as a resource to inspire family businesses today and subsequent generations too. As…
Western Pension Solutions (WPS), the specialist pensions consultancy that provides strategic and practical advice to family businesses, has announced their partnership support of the Cumbria Family Business Conference. Organised by Sue Howorth and the team at The Family Business Network this will be the third annual conference for family businesses looking to learn from and…
Western Pension Solutions (WPS), the specialist pensions consultancy that provides strategic and practical advice to family businesses, has announced the appointment of Emma Ramsamy as a Consulting Actuary. As a qualified actuary with 10 years of experience working as an actuarial consultant providing advice to sponsors and trustees in relation to their pension arrangements Emma…
Western Pension Solutions (WPS) have teamed up with Family Business United (FBU) for a day of celebrations in support of family firms that are embracing their heritage. Family Business Heritage Day is taking place on 17 September 2018. For many family firms that have managed to stand the test of time there is a lot…
by David Dickson, Non-Executive Chairman at Western Pension Solutions We’ve discussed in our previous articles how the Vestey family successfully moved to an insurance buyout with the Western United Group Pension Scheme. The project not only removed the large scheme liability from the Vestey balance sheet, but members’ benefits were increased and all costs paid…
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…
