Pensions is our business. We have been advising on pensions for over 25 years and act for more than 500 funds with a total value of over £300 billion. Whether you are a trustee, sponsoring employer or a provider of services to pension funds, our multi-award-winning 50-strong Pensions team has the capacity and experience to meet all of your legal needs. We are supported by experts across the firm (domestically and internationally) in financial services, tax, labour and employment, disputes and commercial law.
Staying Ahead of the Game
Our pensions specialists are located in each of our four UK offices (London, Birmingham, Leeds and Manchester) and supported by pensions and benefits experts across 23 of our overseas offices.
We have won 15 national UK pensions industry awards in the last 15 years, demonstrating the quality of our practice and our external recognition.
Our clients include trustees and corporate sponsors of over 500 private sector plans (defined benefit and defined contribution) of all sizes. We are recognised leaders in the Local Government Pension Scheme, where we have acted for almost a half of the funds in England and Wales. In addition, we have provided advice to UK government bodies giving us a unique insight into the pensions sector. We have also advised non-departmental public bodies, investment managers, insurers and pension intermediaries and, with our Institutional Investors Practice Group colleagues, sovereign wealth funds.
We are particularly well known across a range of sectors, including utilities, manufacturing, chemical, engineering, automotive, healthcare, financial services, infrastructure, education, local government and charity/not for profit. Such a diverse client base means that we see pensions from all angles and bring that fully rounded experience to all of our client activity.
Leading Not Following
We pride ourselves on being at the forefront of pensions developments and actively seek to influence UK government policy. Going the extra mile for our clients takes many forms, such as actively contributing to all the major UK pensions professional bodies, providing secondments to some of our major clients’ in-house pension departments, as well as to The Pensions Regulator and the Pensions Protection Fund, and constructively responding to government consultations on proposed policy changes.
Over recent years, we have been at the vanguard of pensions innovation, being involved with a range of industry firsts, including advising on:
- The first public sector pension plan to finalise a bulk annuity purchase
- The first longevity swap
- The first financial support direction
- The first large pension plan to enter the PPF assessment period
- The first use of The Pensions Regulator’s material detriment test outside of the EU/North America
We are members of and key contributors to Confederation of British Industry, CIPFA, ILAG, IPEBLA, APL, PLSA, PMI and Society of Pension Professionals.