Employers - Private Sector

You will want to limit the costs, risk and time spent on pension issues, while ensuring that you are fulfilling your duties and that you provide your employees with the most appropriate pension arrangement.

Our employer clients include private and public limited companies and charities with schemes ranging from £5 million to £500 million in value. We also advise a number of public sector employers including local authorities and educational institutions. Our advice covers a wide range of areas including the following:

  • risk management such as changing the benefit structure, closing to new members, closing to future accrual, enhancing transfer values, buy outs and buy ins
  • implications of auto-enrolment
  • drafting and reviewing third party agreements such as administration and investment management agreements
  • drafting and reviewing employee literature and communications to members
  • corporate transactions, such as mergers, acquisitions and restructuring, including clearance and avoidance, withdrawal arrangements
  • preparing and reviewing pension documentation
  • compliance issues such as Pensions Act and Myners
  • changes in legislation and best practice
  • investment matters
  • providing executive pensions

Current News

Cohabitee wins right to pension

The Supreme Court has ruled that a nomination requirement relating to the payment of a survivor’s pension under a public sector pension scheme discriminated against cohabiting unmarried couples and should be disapplied.

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Reversing Trustee Decisions

Trustees have on occasion relied on the “Hastings Bass” rule to unwind decisions that subsequently transpire to have unintended consequences. The scope to do so has been narrowed by the recent Supreme Court judgments in the jointly heard cases of Futter and another v HMRC and Pitt and another v HMRC.

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EU Solvency Rules dropped

The European Commission has announced that it is dropping its plans for a new funding regime for pension schemes.

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Pensions for Mortgages

Nick Clegg announces a new government idea to allow parents to use their pensions to help children onto the property ladder.

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