Justin McGilloway

Partner

Head of Pensions & Employee Benefits

Profile Image

Expertise

Justin advises a wide range of clients – employers (UK and international), trustees (including offshore), pension product providers and individuals – on all aspects of pensions law including the intricacies of pension scheme documentation, corporate transactions, Pension Regulator clearance, reorganising schemes and Pension Protection Fund negotiations, funding matters, closing schemes to future accrual and winding-up schemes. He also deals with pension scheme disputes with a particular interest in Pension Ombudsman complaints.

Justin also specialises in employee benefits work and regularly provides advice on the structuring, implementation, maintenance and vesting of management and employee incentive arrangements to both UK and overseas companies. For the last decade or so he has been involved in unwinding historic Employee Benefit Trust (EBT) arrangements and negotiating settlements with HMRC.

Recent Experience

  • Advising a number of distressed employers (including ‘not for profit’ organisations) on their defined benefit pension liabilities and how to manage a pension scheme separation exercise.
  • Acting for a major international online gaming company on the pension aspects of its first UK corporate acquisition including clearance from the Pensions Regulator and Pension Protection Fund negotiation.
  • Advising the trustee boards of several UK occupational pension schemes sponsored by a NYSE listed conglomerate on a major restructuring project.
  • Advising the trustee board of a UK occupational pension scheme sponsored by a major European airline on restructuring needed to achieve Pension Protection Fund coverage.
  • Acting for a private individual in a ground-breaking Pension Ombudsman case regarding significant pension overpayments over a number of years. Successfully arguing the clients right to retain the overpayments and recovering full costs from the respondent insurance company.
  • Advising start-up businesses across a number of sectors (Fintech, restaurants and pharmaceutical) on employee incentive arrangements including growth shares and enterprise management incentive schemes.

Career History

Justin joined Wedlake Bell in 2010 and became a partner in 2012. He trained with KLegal (KPMG’s law firm) and qualified in 2003 with McGrigors (now Pinsent Masons) specialising in all aspects of employee benefits including tax efficient bonus planning structures and share schemes including a secondment with KPMG’s employment tax group. He then spent four years at Hogan Lovells where he specialised in pensions law.

Justin has a degree in Law from The University of Dundee.

He is a member of the Association of Pension Lawyers, The Employee Share Ownership Centre and the QCA’s Share Schemes Expert Group.

Publications

Justin is a regular contributor to the Pension and Employee Benefits team’s e-bulletins, speaks at seminars and has also written articles for Pensions World magazine, The Sunday Telegraph magazine, The Guardian and various pension industry journals.

The staff we are engaged with (Justin McGilloway and James Newcome) are always responsive, friendly and professional.

Legal 500, 2025

James Newcome and Justin McGilloway performed exceptionally well and were a pleasure to work with.

Legal 500, 2025

Justin McGilloway is excellent, giving very practical advice

Legal 500, 2022

Justin McGilloway is effective in building the firm’s presence. He has a warm and engaging personality and is very client responsive.

Legal 500, 2021

"He is a very commercial pensions adviser while being technically very strong."

Chambers UK, 2018

The ‘very commercial and approachable’ Justin McGilloway leads the practice, which is ‘more than capable when dealing with highly complex issues’.

Legal 500, 2016

Justin McGilloway heads Wedlake Bell LLP's pensions and employee benefits team and advises on the full spectrum of pensions law issues. Clients say: "He has his finger on the pulse of all issues and explains it in layman's terms."

Chambers UK, 2017

The team is led by the ‘very responsive’ Justin McGilloway.

Legal 500, 2017

News

Part 3 – Busy summer at the Court of Appeal – October 2024

In October 2023 (PART 2 – A Snapshot from the Courts – Wedlake Bell) we provided a snapshot of some interesting High Court decisions which could have significant ramifications forRead more

News

Wedlake Bell advises the Trustees of the Telereal Pension Plan, sponsored by Telereal Services Limited, on a £130m bulk purchase annuity full plan buy-in with Aviva

A Wedlake Bell team, led by Partner Justin McGilloway and included Senior Associate James Newcome have advised the Trustees of the Telereal Pension Plan, sponsored by Telereal Services Limited, onRead more

News

Wedlake Bell advises Delta Hat founder on Petauri acquisition

The private client, tax and employee benefits teams at Wedlake Bell have advised the founder and major shareholders of Delta Hat on its acquisition by Petauri. Delta Hat provides industryRead more

News

PART 2 – TPR Consultation on proposed DB Scheme Strategy Statements

Background Earlier this year, the Pensions Regulator (“TPR“) launched a consultation on its new statement of strategy (the “Statement“). The strategy forms an integral part of the new requirements (introducedRead more

News

PART 5 – REVISING SCHEME BENEFIT STRUCTURES – HIGH COURT EXAMINES UNDERPINS

The High Court has issued two recent judgments concerning the restructuring of pension schemes utilising the relevant powers of amendment, particularly the effect of restrictions/fetters on those powers.   AVONRead more

News

PART 1 – THE GHOST OF CHRISTMAS PAST – PENSION SCHEME SURPLUS MAKES A RETURN

The last time there were significant surpluses in UK occupational pension schemes was in the 1990s. These are now back in vogue following the boost to the funding levels ofRead more