Carillion crisis sends shock waves around the world

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Employing 43,000 people around the world, the compulsory Liquidation of Carillion has sent shock-waves through the business world.

After issuing a profit warning last year, the task of managing a debt of £1.5 billion which included a pension deficit of £600 million became even harder eventually leading to the firms collapse.

Firms under the spotlight

Carillion’s situation isn’t unique. The collapse of retailer BHS, although not solely caused by the £571 million pension black hole on its balance sheet, shone the spotlight on other large firms with final salary pension schemes. Faced with a £2.8 billion deficit, British Airways announced it will close its final salary scheme.

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Many companies are struggling to balance their pension liabilities

Other companies known to have large deficits include Royal Dutch Shell, BP, BT and BAE Systems; with all four believed to have a deficit in excess of £6 billion in 2016.

Take back control

With offices in the UK, Middle East and Canada, and according to some experts over 30,000 businesses owed money by the firm, the consequences of Carillion’s collapse have the potential to be far reaching.

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By taking stock of your existing provisions, you could find you might benefit from a more flexible approach to investing, and;

  • Earn higher returns in retirement
  • Bene­t from soaring pension transfer values
  • Diversify your investments
  • Choose when you start drawing an income

Download your FREE e-guide NOW and find out why some firms are offering members up to 40 times the value of their investment to transfer their pension and how this could benefit you. Plus discover...

  • What factors are causing transfer values to be the highest they may ever be
  • The benefits of flexible investing
  • Which jurisdictions are best for you
  • How to gain higher returns with lower risk
  • The importance seeking professional advice
  • Why you have a limited time to act

One in six private sector final salary schemes are at risk of failing*

Rebecca Ellis Gwm POST
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Transfer values soar

UK expats around the world are taking advantage of a combination of events that are seeing transfer values up to 40% higher than one year ago (as reported in Citywire) massively boosting their retirement funds.
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Transferring away from your final salary scheme hands control back to you allowing you to choose which currencies and locations to invest in and when to start drawing an income from your pension.
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The Importance of obtaining professional advice

Such an important decision should never be taken without receiving sound advice that considers all options and eventualities.

* Report carried out by Pensions Institute


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