Pension scheme strategy & liability management
Our Pensions & Employee Benefits team advises corporate sponsors and trustees on all aspects of pension scheme strategy and liability management.
We help clients to navigate the UK’s regulatory pensions framework to achieve their commercial goals.
This demands a genuinely coordinated approach – working closely with our clients’ other advisers, reacting to legislative changes, having a detailed knowledge of pension scheme documentation and the ability to work to tight deadlines.
This is where our in-depth experience and collaborative approach come to the fore, helping us to understand the issues quickly so that we can build effective strategies and work seamlessly with everyone involved to get the job done.
- Advising on contingent funding arrangements and escrow account establishment associated with employer cessations.
- Advising the trustees of a £300m+ multi-employer scheme on multiple employer exits.
- Negotiating RPI/CPI changes with corporate sponsors and their advisers.
- Wind-up of a defined benefit pension scheme followed by a buy-out with UK regulated insurer.
- Advising a European insurer in connection with UK bulk annuity market contracts, including ancillary contractual documents (buy-in/buy-out).
- PPF compliant contingent asset guarantees and security.
- Enhanced Transfer Value exercise for a FTSE 250 employer's scheme.
- Implementation of salary sacrifice arrangements for a range of employers.
- Pension Increase Exchange exercises.
British Airways’ Pensions
British Airways’ pension arrangements are in the news yet again. After much-publicised High Court proceedings over indexation of pension increases under the Airways Pension Scheme (essentially relating to the trustee’s… Read more →
TPR launches its first prosecution for failure to auto-enrol staff
Automatic enrolment (“auto-enrolment”) – a familiar phrase Every employer should now be familiar with these words. Auto-enrolment. Auto-enrolment was introduced five years ago, in October 2012, and was talked about… Read more →