1. THE INFORMATION INCLUDED IN THIS DOCUMENT MAY BE OF A CONFIDENTIAL NATURE AND IS
INTENDED ONLY FOR THE RECIPIENTS AUTHORISED TO RECEIVE IT. DISCLOSURE, COPYING OR
DISTRIBUTION IS PROHIBITED AND MAY BE UNLAWFUL, UNLESS THE WRITTEN PERMISSION OF
THE AUTHOR IS GRANTED. ©LEVERAGED & EQUITY INVESTMENT PARTNERS. PATENT PENDING.
TEL: +44 871 237 4770 |INFO@LEASEINVESTMENT.COM | WWW.LEASEINVESTMENT.COM
DEFINED BENEFIT
FINANCING SOLUTIONS
Achieving, and maintaining, fully funded pension
schemes within organisations requires considerable
financial flexibility.
Leveraged & Equity Investment offer tangible,
relevant, financing solutions that remove the
restrictions slowing down full scheme funding or
risk transfer.

2. THE INFORMATION INCLUDED IN THIS DOCUMENT MAY BE OF A CONFIDENTIAL NATURE AND IS
INTENDED ONLY FOR THE RECIPIENTS AUTHORISED TO RECEIVE IT. DISCLOSURE, COPYING
OR DISTRIBUTION IS PROHIBITED AND MAY BE UNLAWFUL, UNLESS THE WRITTEN PERMISSION
OF THE AUTHOR IS GRANTED. ©LEVERAGED & EQUITY INVESTMENT PARTNERS. PATENT
PENDING. TEL: +44 871 237
4770 |INFO@LEASEINVESTMENT.COM | WWW.LEASEINVESTMENT.COM
The best deficit or risk financing solution at the right
time.
Deficit elimination, risk transfer or deficit management,
today.
Unlike recovery plans, or planned for future self-
sufficiency, the financial solutions devised by
Leveraged & Equity Investment give your scheme the
capital for assets, or risk transfer solutions,
immediately.
They give the flexibility the scheme needs to change and
add to scheme assets without restrictions, whilst adjusting
financing to your shifting business needs.
Your pension deficit, or complete scheme, will be
removed. Becoming off balance sheet, operating
expenditure, with enhanced tax efficiency.
Leveraged & Equity Investment enable you to eliminate
scheme deficits, whilst preserving your own organisation’s
investment capacity.
Existing credit facilities are maintained.

3. THE INFORMATION INCLUDED IN THIS DOCUMENT MAY BE OF A CONFIDENTIAL NATURE AND IS
INTENDED ONLY FOR THE RECIPIENTS AUTHORISED TO RECEIVE IT. DISCLOSURE, COPYING
OR DISTRIBUTION IS PROHIBITED AND MAY BE UNLAWFUL, UNLESS THE WRITTEN PERMISSION
OF THE AUTHOR IS GRANTED. ©LEVERAGED & EQUITY INVESTMENT PARTNERS. PATENT
PENDING. TEL: +44 871 237
4770 |INFO@LEASEINVESTMENT.COM | WWW.LEASEINVESTMENT.COM
Tailoreddeficit financing.
 You and the trustees have complete freedom to decide the amount
of capital injected into the pension scheme. Leveraged & Equity
Investment operates independently of investment managers,
insurers and advisers.
 You spread the cost over a period of years without having the issue
of deficit contribution peaks.
 Leveraged & Equity Investment provides an optional “pre deficit
elimination” facility that pays for assets as purchased by the
Trustees to the agreed amount before commencing the formal
term facility.
 The term facility is structured for your organisation’s accounting,
legal and pension framework.
 The scheme has complete investment autonomy.
 Surplus rebates included free of tax deduction.
Sponsor and scheme benefits.
 Deficit – eliminated or reduced to agreed levels.
 Cash - preservation of capital enabling investment in the sponsor
business, with improved cashflow.
 Cost - high cost balance sheet pension debt replaced by low cost
revenue expense.
 Tax- tax efficient payment and contribution structures.
 Control - no contribution peaks, just equalised, or agreed, facility
payments.
 Ratios - off balance sheet financing, improves core ratios and
covenant coverage.
 Simplified – Investment decisions and forward planning is
simpler with full funding.

4. THE INFORMATION INCLUDED IN THIS DOCUMENT MAY BE OF A CONFIDENTIAL NATURE AND IS
INTENDED ONLY FOR THE RECIPIENTS AUTHORISED TO RECEIVE IT. DISCLOSURE, COPYING
OR DISTRIBUTION IS PROHIBITED AND MAY BE UNLAWFUL, UNLESS THE WRITTEN PERMISSION
OF THE AUTHOR IS GRANTED. ©LEVERAGED & EQUITY INVESTMENT PARTNERS. PATENT
PENDING. TEL: +44 871 237
4770 |INFO@LEASEINVESTMENT.COM | WWW.LEASEINVESTMENT.COM
Tailoredliability management.
 Leveraged & Equity Investment work with you, the trustees and
your advisers to agree a maximum level of potential liability
financing, without the obligation to commit fully.
 You pay, at the approved terms, only for your net scheme
purchases at expiration of an agreed “pre liability management”
short term facility.
 The scheme has complete autonomy over purchases and disposals.
 Reviews are conducted at pre agreed intervals to establish any
further drawdown requirement, or alterations to payment or term.
 Surplus rebates included free of tax deduction.
Sponsor and scheme benefits.
 Deficit – ongoing elimination or reduction to agreed levels.
 Cost - high cost balance sheet pension debt replaced by low cost
revenue expense.
 Cashflow – Improved cashflow and ratios.
 Certainty - no contribution peaks. Equalised, or agreed, facility
payments over flexible periods.
 Tax- tax efficient payment and contribution structures.
 Comprehensive – enables a holistic approach to be taken by the
sponsor and scheme.
 Efficient – corporate and trustee budgets can be managed
efficiently and cost effectively.
 Implementation – enables scheme funding and risk planning to
be implemented without financial constraints.
 Time– administrative time, therefore cost will be reduced for both
sponsor and scheme.
Risktransfer solutions.

5. THE INFORMATION INCLUDED IN THIS DOCUMENT MAY BE OF A CONFIDENTIAL NATURE AND IS
INTENDED ONLY FOR THE RECIPIENTS AUTHORISED TO RECEIVE IT. DISCLOSURE, COPYING
OR DISTRIBUTION IS PROHIBITED AND MAY BE UNLAWFUL, UNLESS THE WRITTEN PERMISSION
OF THE AUTHOR IS GRANTED. ©LEVERAGED & EQUITY INVESTMENT PARTNERS. PATENT
PENDING. TEL: +44 871 237
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 All parties agree the principle of either self-sufficiency through
buy-in or complete scheme removal with buy-out.
 Leveraged & Equity Investment provide financing options of up to
25 years for immediate risk transfer, or on a proposed future date.
 The sponsor can take an optional cash injection from Leveraged &
Equity Investment, without 35% tax deduction.
 Leveraged & Equity Investment pay cash balances to the insurer,
scheme and sponsor as appropriate.
 Scheme invests as decided for targeted risk transfer schedules, or
completes immediate partial or full risk transfer with Leveraged &
Equity Investment funds.
 The scheme risk is removed from the sponsor balance sheet
immediately, or partially insured. Leveraged & Equity Investment
structures are free of settlement costs.
Sponsor and scheme benefits.
 Risk – the pension scheme risk is removed or insured as required,
immediately with no lengthy delays.
 Cost – the scheme risk is removed at today’s cost, paid with
tomorrow’s profits. Attractive NPV projections enhance the
benefits of risk transfer, even for fully funded schemes.
 Cash – pension scheme cash cost is now fixed for a known time
enabling more accurate forecasting.
 Capital – take a, free of 35% tax deduction, rebate from the
scheme for re-investment even with asset shortfalls.
 Investment – sponsor businesses can make better investment
decisions with a volatile risk removed.
 Tax – tax efficient revenue expenditure payments.
 Investors – investors will look more favourably on a risk reduced
investment that now has the potential to offer higher rewards.
 Credit – reduced risks and improved covenant ratios meaning
lower borrowing costs.

6. THE INFORMATION INCLUDED IN THIS DOCUMENT MAY BE OF A CONFIDENTIAL NATURE AND IS
INTENDED ONLY FOR THE RECIPIENTS AUTHORISED TO RECEIVE IT. DISCLOSURE, COPYING
OR DISTRIBUTION IS PROHIBITED AND MAY BE UNLAWFUL, UNLESS THE WRITTEN PERMISSION
OF THE AUTHOR IS GRANTED. ©LEVERAGED & EQUITY INVESTMENT PARTNERS. PATENT
PENDING. TEL: +44 871 237
4770 |INFO@LEASEINVESTMENT.COM | WWW.LEASEINVESTMENT.COM
Leveraged & Equity Investment work with the majority of professional
advisers and consultants to defined benefit pension schemes.
Furthermore, we can work with, and can provide financing for most bulk
annuity insurers and leading investment management companies
products and strategies. Your advisers can assist you in establishing an
initial approach to Leveraged & Equity Investment to assess the
availability of pension scheme financing.
Leveraged and Equity Investment funding solutions.
Leveraged and Equity Investment are financing specialists. Our financing
expertise is entirely devoted to three areas of financing and equity
investment, and only three areas.
Technology, Employee Benefits and bespoke project requests.
We have extensively researched the issues surrounding defined benefit
pension funding issues. Not before conducting this research, taking over
two years, have we produced our funding solutions.
Over thirty years experience of creating bespoke financing solutions has
enabled us to create a range of offerings that are cashflow, tax, profit and
pension scheme efficient.
The solutions we offer are individual, designed to maximise pension
scheme security at the lowest net present value to the sponsor.
Leveraged and Equity Investment process

7. THE INFORMATION INCLUDED IN THIS DOCUMENT MAY BE OF A CONFIDENTIAL NATURE AND IS
INTENDED ONLY FOR THE RECIPIENTS AUTHORISED TO RECEIVE IT. DISCLOSURE, COPYING
OR DISTRIBUTION IS PROHIBITED AND MAY BE UNLAWFUL, UNLESS THE WRITTEN PERMISSION
OF THE AUTHOR IS GRANTED. ©LEVERAGED & EQUITY INVESTMENT PARTNERS. PATENT
PENDING. TEL: +44 871 237
4770 |INFO@LEASEINVESTMENT.COM | WWW.LEASEINVESTMENT.COM
The process is designed to minimise your time and cost, whilst enabling a
prompt pension scheme solution.
1st Stage 2nd Stage 3rd Stage
Initial discussion to
establish the suitability
of L&EI financing, and
sponsor eligibility, for
solutions. No charge.
Confirm accounting,
legal, and regulatory
treatment.
Produce legal
documentation.
Agreement to proceed in
principle.
Establish additional
requirements.
In depth financial models
produced to agreed
terms (Tax, prompts,
creditors, security etc.).
Effects on existing
financial arrangements
inclusive.
Confirm closure dates.
Establish terms of
Trustee contact.
Analysis with sponsor’s
accounting and legal
advisers. Obtain Trustee
agreement.
Release funds to
appropriate parties.
To arrange a preliminary discussion, contact your usual
scheme consultants who will investigate eligibility for financing
or Chris Bardouleau, Senior Partner at Leveraged & Equity
Investment who manages the pension financing schemes.
To contact Chris please use one of the methods below:
Email: chrisb@leaseinvestment.com
Direct Portable Number: +44 (0)870 3143 222