The background 

The charity was a participating employer in the Growth Plan with only a handful of active members remaining. The charity was concerned about the risks arising from participation in the Growth Plan and wanted to find a suitable time to exit.

Our solution

It was important to help the charity find the balance between the cost and risk considerations of exiting the Growth Plan. We were able to provide advice on the different options they had, including steps to take to reduce the size of the debt and different methods for triggering the exit debt.

The outcome

We helped the charity implement low-cost steps that reduced the size of their exit debt. We also helped them firmly establish what the exit charge would be before they committed to paying it – to protect against any unexpected increase. The charity exited the Growth Plan when it was affordable to them, and removed all their risks relating to the Growth Plan.