Restructuring & Pre-Insolvency Services (RPIS) Framework

Description

The Board of the Pension Protection Fund is planning to establish a new Framework of accounting and covenant advisory firms to provide restructuring and pre-insolvency support services to pensions schemes and/or their employers. The Framework can be used by the PPF and/or a PPF Panel Trustee. Lot 1: The full restructuring & pre-insolvency services are detailed in Annex 6 - RPIS Framework Specification and Appendix 1 - RPIS Service Schedule. Services include: Evaluating employer financial strength Assessing options to include both solvent/consensual restructuring options as well as relevant formal insolvency processes Advising scheme trustees on appropriate and proportionate ongoing monitoring of the sponsor covenant