A restructuring proposal by Hoover Limited in relation to its largest defined benefit pension scheme, The Hoover (1987) Pension Scheme (the 1987 Scheme), was approved…Read More
Justin McGilloway's Service Teams
- Employee Benefits
- Pension Scheme Investment
- Trusteeship & Governance
- Corporate Transactions
- Scheme Documentation Services
- Pension Disputes
- International Pension Issues
- Pension Scheme Strategy & Liability Management
- Pensions & Employee Benefits
Justin McGilloway leads the practice, which is ‘more than capable when dealing with highly complex issues’. McGilloway is advising the trustees of the Jotun Paints (Europe) Limited Pension Scheme on its UK defined benefit scheme and the implementation of several liability management exercises.
Legal 500, 2016
Justin was voted as one of the 'top up and coming lawyers’ in the annual survey of pensions lawyers.
Pensions World magazine, September 2016
Justin McGilloway is 'up and coming'.
Legal 500, 2015
Justin advises a wide range of clients - employers (UK and international), trustees (including offshore), pension product providers and individuals - on pensions law, documentation, corporate transactions, Pension Regulator clearance, reorganising schemes, funding negotiations, closing schemes to future accrual and winding-up schemes.
Justin also specialises in employee incentive work and regularly provides advice on the structuring, implementation, maintenance and vesting of management and employee incentive arrangements to both UK and overseas companies of varying sizes. He also has particular experience in unwinding historic employee benefit trust arrangements and negotiating settlements with HMRC.
- 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 on-line 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 trustees of a FTSE 250 company's pension scheme on liability management exercises and alternative asset investments;
- 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 company;
- Advising several tech start-up businesses on employee incentive arrangements including growth shares and enterprise management incentive schemes; and
- Advising several family run business on their historic offshore employee benefit trust arrangements and negotiating favourable settlements with HMRC under the Employee Benefit Trust Settlement Opportunity.
Justin joined Wedlake Bell in 2010 and became a partner in 2012.
He studied English law at the University of Dundee (graduating in 2000) and obtained his post-graduate qualification in Newcastle upon Tyne.
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 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.
Articles & Comment
27 Jun, 2017 | Justin McGilloway
27 Apr, 2017 | Justin McGilloway
Background: Mrs Y separated from her husband, Professor Y, a retired member of the Universities Superannuation Scheme (the "USS") in 1996. In 2004, at age 52, Mrs…Read More
28 Feb, 2017 | Justin McGilloway
It is no secret that Brexit could have an impact on the City. In the coming months banks and other financial institutions will be making tough decisions on whether…Read More
20 Dec, 2016 | Justin McGilloway
In the Summer and Autumn 2016 In Counsel update and the May 2016 Pensions Bulletin we examined the well-publicised BHS pensions debacle. Since then, a considerable…Read More
18 Oct, 2016 | Clive Weber
US owners or would be owners of UK companies should take extra care in the case of a UK defined benefit pension scheme ("DB Scheme"), sometimes known as a 'final…Read More