Firms To Watch: Pensions (non-contentious)

Doyle Clayton operates as an independent specialist workplace law firm; their pensions team, led by Andrew Campbell, has seen growth in the past 12 months in pensions advisory, including risk transfer and buy-out work, and disputes matters.
Shaun Thompson leads Latham & Watkins‘ pensions practice, which often works on high-profile, high-value, cross-border M&A transactions domestically and beyond. The team is especially experienced in advising private equity buyers and sellers.

Pensions (non-contentious) in London

A&O Shearman

Advising some of the largest pension schemes in the UK, A&O Shearman boasts one of the most developed and specialist pension teams. The team is capable of advising on some of the most complex risk transfer deals and large-scale scheme restructurings, advising an even split of employers and trustee clients. The practice is led by the ‘industry veteran’ Neil Bowden, who supports some of the industry’s largest pension schemes. Bowden is a specialist in liability management and swap transactions, with key experience in litigation. The ‘superstar’ Jane Higgins, an expert in risk transfer and pension scheme consolidations, and the ‘excellent’ Andy Cork, a pensions strategic adviser experienced in consolidations and a leader in buy-ins and buyout projects, bolster the team’s wider abilities. Francesca Parnell advises leading banks and companies on a number of pensions matters.

Responsables de la pratique:

Neil Bowden


Autres avocats clés:

Jane Higgins; Andy Cork; Francesca Parnell; Ed Jackson; Vincent Liu


Les références

‘The team are all friendly, professional and personable. They offer practical advice and have a very good knowledge of our scheme and the trust deed and rules.’

‘Andy Cork is excellent – he is very approachable and always explains what can be a complicated subject in a language that all the trustees can understand. He offers balanced, pragmatic advice and is able to turn round work quickly, often at short notice.’

‘The A&O pensions team is quite simply fantastic. They provide an exceptional quality of service and their advice is always pragmatic, sensible and excellent. They have real strength in depth and a strong understanding of the sector.’

Principaux dossiers


CMS

Covering the full array of pensions work, and possessing one of the largest teams, CMS advises trustees, employers, consultants, and insurers on every aspect of pension schemes. The practice is particularly experienced in benefit redesign, scheme closures, and liability reduction, in addition to having specialist expertise in de-risking. The ‘extremely knowledgeable’ Maria Rodia is experienced in de-risking and advising companies in the energy sector, as well as insurers and reinsurers, and other large pension schemes. Mark Atkinson, an industry leader with deep experience acting for trustees and companies in occupational pension schemes, provides daily advice to many leading companies. Other notable practitioners on the team include Keith Webster, a leading adviser to a number of the UK’s largest DB and DC master trusts; Mark Jenkins, a contentious and non-contentious pensions adviser experienced in scheme mergers, benefit design, and restructuring; and Johanna Clarke, who focuses on DC master trusts, trustees transferring to master trusts, and master trusts consolidation.

Responsables de la pratique:

Maria Rodia


Autres avocats clés:

Mark Atkinson; Keith Webster; Mark Jenkins; Johanna Clarke; Pete Coyne; Caroline Kurup; Hadassah Whitaker


Les références

‘The CMS team is extremely pragmatic and proportionate. They are able to see simple solutions where it may not be obvious.’

‘CMS have a wide practice that ensures they are able to tackle any problem – you’ll never have a problem that they cannot help with.’

‘Mark Jenkins is an excellent adviser – he’s always responsive, goes the extra mile to help get matters done, and is a superb negotiator; very commercial and thinks of practical solutions to complex problems.’

Principaux clients

The Trustee of the Aon Retirement Plan


Pension Insurance Corporation


Clara-Pensions Limited


Just Group


Wates Group


Trustee of the British Tourist Boards’ Staff PLAS


Board of the Pension Protection Fund


Trustee of the University of Manchester Superannuation Scheme


TPT Retirement Solutions


Lufthansa UK Pension Trustee Ltd


The Trustee of the Aon Retirement Plan


Pension Insurance Corporation


Clara-Pensions Limited


Just Group


Wates Group


Trustee of the British Tourist Boards’ Staff PLAS


Board of the Pension Protection Fund


Trustee of the University of Manchester Superannuation Scheme


TPT Retirement Solutions


Lufthansa UK Pension Trustee Ltd


Principaux dossiers


Eversheds Sutherland (International) LLP

Fielding a notably broad offering, the team at Eversheds Sutherland (International) LLP acts for employers, pension schemes, public authorities, pension providers, fund managers, and insurers and re-insurers active in the private and public sectors. Advising on some of the most groundbreaking pensions developments, practice head Jeremy Goodwin is an expert across DB and DC schemes, DB master trusts and superfunds, and ESG matters. Francois Barker is an expert in advising corporate sponsors and UK and international pensions funds in DB and DC arrangements. Mark Latimour, the team’s head of risk transfer and a practitioner who acts for the majority of the UK’s key insurers, and Sarah Swift, a key adviser for numerous prominent companies' schemes, provide further bench support. Michael Jones, head of the national DC practice, adds to the team’s regulatory and governance abilities, while Charlotte Cartwright bolsters the practice’s corporate, M&A, and restructuring offerings.

Responsables de la pratique:

Jeremy Goodwin


Autres avocats clés:

Francois Barker; Mark Latimour; Sarah Swift; Michael Jones; Charlotte Cartwright; Rosamund Wood


Les références

‘What makes the team special is that they always fully brief the ad-hoc specialist assistance so that they are aware of our ways of working and thereby ensure that the advice is tailored to our needs and not simply an off-the-shelf template that has been used for other similar but not identical sets of circumstance.’

‘Careful consideration is given to the chemistry of the relationship, so great care is taken when matching service provider with client.’

‘Michael Jones is amazing to work with – always exceptionally pragmatic and reasonable, and willing to exhaust various avenues to reach a desired outcome whilst mitigating risk.’

Principaux clients

HSBC Bank (UK) Pension Scheme


Associated British Foods


Rebalance Earth


BOC/United Utilities


Tesco PLC Pension Scheme


NOW Pensions


The People’s Pension


Department for Transport (in relation to the Railways Pension Scheme)


Accenture


Principaux dossiers


  • Advising the £20bn Tesco PLC Pension Scheme on the outsourcing of its in-house investment consultant’s business to Schroders (an OCIO transfer), involving Tesco Group employment restructuring, setting and implementing the contractual structure and supporting with the implementation on the ground.
  • Advising one of the UK’s largest professional pension trustee companies, Dalriada, on the pension schemes where Dalriada is appointed as sole corporate Trustee which were historically scam pension vehicles.
  • Advising the Government on key strategic matters relating to railways pension reform and changes following the decision by the new Labour Government to bring passenger Train Operating Companies back into public ownership.

Hogan Lovells International LLP

Hogan Lovells International LLP works with some of the largest pension schemes in the UK, covering FTSE 100 clients and multinational companies. From buyout transactions and GMP equalisation strategy arrangements to bulk annuities and longevity solutions and pensions spin-off issues, the team is well-equipped to handle matters domestically and on a cross-border basis. Practice head Katie Banks boasts three decades advising companies, trustees, and financial institutions on multibillion-pound mergers and projects. Claire Southern is noted for being ‘trusted and highly valued’, with experience acting for high-profile clients in risk transfer and taking schemes into the insurance market. Beth Sheehan, experienced in complex scheme mergers, security and asset-backed contribution arrangements, and multi-employer schemes, and Charlotte Yeates, an expert in managing surplus and setting up contingent funding arrangements, are leading counsels. Duncan Buchanan retired in December 2024.

Responsables de la pratique:

Katie Banks


Autres avocats clés:

Claire Southern; Edward Brown; Beth Sheehan; Charlotte Yeates


Les références

‘The team manages to be both technically brilliant while at the same time having the ability to present to the lay person in plain English. That is a true skill.’

‘Katie Banks is a truly outstanding partner – she’s approachable, down to earth, and refreshingly easy to work with. One of her most impressive qualities is her leadership style: she fosters a collaborative and empowering environment, allowing her team to take the lead in client interactions and advice delivery, rather than taking precedence herself.’

‘Hogan Lovells’ pension team is excellent and should be the first port of call for anyone seeking advice on pension issues. The partners are universally strong; there is nothing in pensions that they haven’t seen or can’t deal with and always offer consistently good, measured advice.’

‘The Hogan Lovells pensions team brings over two decades of trusted experience advising corporate pension management teams on their most complex legal challenges. As specialists in pensions law, they understand the regulatory landscape inside and out – and how to navigate it with precision, clarity, and foresight.’

‘The longstanding relationships with this law firm is built on consistency, strategic thinking, and a deep understanding of both the law and the pressures associated with the company.’

‘Hogan Lovells is a best-in-class organisation with a culture that is aligned with our own. The team has a deep understanding of our complex benefits arrangements and provides bespoke, tailor-made advice that is clear and proportionate.’

‘Claire Southern has been a trusted and highly valued business partner for nearly three decades. She has a unique ability to make us feel like a priority, always taking the time to understand our needs and tailoring her guidance accordingly.’

‘Katie Banks is understanding and pragmatic, but with a wealth of knowledge and experience that underpins all she does.’

Principaux clients

Department of Business and Trade


Rolls Royce


HM Treasury


ITV plc


Pension Protection Fund


Ford


Pilkington Superannuation Scheme


United Biscuits


Johnson & Johnson


Vodafone


Ernst & Young LLP


AA


Principaux dossiers


  • Advised the Department of Business and Trade on all legal aspects of its response to the bid from EP Group to buy Royal Mail for £3.5 billion.
  • Advise the Pension Protection Fund on the implementation of ECJ rulings (Bauer, Hughes and Hampshire) on compensation for scheme members of companies which have failed.
  • Advise Royal London on their entrance into the bulk annuity market, using their own defined benefit (DB) schemes.

Linklaters LLP

Linklaters LLP has a full-service pensions team that works on some of the most complex and market-leading matters. The team is experienced on all aspects of pensions for the fund’s trustees, corporates, insurance companies, and consolidation vehicles in liability management, funding, end-game planning, investment, corporate reorganisations, transactions, and insolvency, and DC schemes and fund consolidations. Led by ‘one of the best pensions lawyers’, Claire Petheram is experienced in advising trustees, corporates, and financial institutions in liability management, transferring DC assets, funding DB schemes, investment issues, takeovers, and more. Rosalind Knowles, a specialist in benefit change programmes, valuation negotiations, and funding, buyouts, and governance issues, and Sarah Parkin, an expert in de-risking, are highly-regarded members of the team. Lorna Mitchinson is a rising figure with experience in M&A, funding negotiations, de-risking, and investigations concerning the Pensions Regulator.

Responsables de la pratique:

Claire Petheram


Autres avocats clés:

Claire Petheram; Phillip Goss; Rosalind Knowles; Sarah Parkin; Alasdair Smith


Les références

‘Technical knowledge and people. Claire Petheram is the best in the business.’

‘Linklaters has been excellent over a number of years. High-quality advice, prompt responses, and great people.’

‘Lorna Mitchinson is excellent. High quality, thoughtful advice, and she is always available and responsive to any requests.’

Principaux clients

Trustee of the Merchant Navy Ratings Pension Fund


The Trustee of the Mineworkers’ Pension Scheme


Principaux dossiers


  • Advised the Trustee of the Merchant Navy Ratings Pension Fund on a longevity transaction with Metropolitan Life Insurance Company to manage longevity risk for around £450 million of pensioner/dependant liabilities.
  • Advised the Trustee on the negotiation with the Government, which resulted in £1.4bn within the Scheme being used to provide further benefits to members.
  • Advise a major utility in relation to its substantial defined benefit pension schemes; the effect of various commercial outcomes on those schemes; and liaising effectively with the Pensions Regulator.

Pinsent Masons LLP

Fielding a specialist team in master trusts and risk transfers that works with a host of household pensions industry names, Pinsent Masons LLP regularly advises on market-leading pensions matters. The team is also proficient in buy-ins and buyouts, assisting on administrative and governance matters, long-term funding negotiations, and longevity swaps. Manchester-based Stephen Scholefield leads the national pensions team, while Mark Baker, a DC master trust specialist, heads the team in London. Matthew de Ferrars, the risk transfer head, is an expert in pension buy-ins and longevity transactions and scheme winding-up projects. Stewart Murphy is a leading practitioner in DB advisory, DB risk transfer, winding-up DB occupational pension schemes, public sector outsourcing, and corporate transactional work.

Responsables de la pratique:

Stephen Scholefield; Mark Baker


Autres avocats clés:

Matthew de Ferrars; Stewart Murphy


Les références

‘Knowledgeable partnership with broad associate base. Very user-friendly and responsive.’

Principaux clients

Legal & General Worksave Mastertrust


Group Trustees of the RWE Group of the Electricity Supply Pension Scheme (ESPS)


Group Trustees of the Npower Group of the ESPS


SEI Master Trust


Devonport Royal Dockyard Pension Scheme


Allianz Insurance plc


Costain Pension Scheme


Pension Insurance Corporation plc


Howden Joinery Pension Scheme


ITN


Crystal Trus


Principaux dossiers


  • Advised the trustee of all five DB pension schemes within the KION Group – over 3000 members – on Project Reach’s £250m full buy-in with Canada Life.
  • Brought to its conclusion the long-term objective of the trustees of the Nortel Networks UK Pension Plan to complete securing the tranche of PPF+ benefits with Legal & General, and wind up the Plan.
  • Advising the trustees of the Westminster Abbey 1972 Retirement and Death Benefits Scheme on the process for buying-out and winding-up the scheme.

Sacker & Partners LLP

A specialist firm focusing solely on pensions, Sacker & Partners LLP advises on complex and high-value work, from strategic issues and scheme funding to derisking, tax issues, and DC developments. The team advises over 400 occupational pension schemes, including 36 of the UK’s top 200 pension funds. Led by David Saunders, an expert in DB and DC pension arrangements, mergers and demergers, scheme funding, and derisking, the team has strengthened the bench with the hire of Andy Lewis, a specialist in complex projects, covenant, DC solutions, and contentious matters, and the pension aspects of corporate transactions. Other key figures include Janet Brown, a specialist in DB and DC arrangements, and derisking; Fuat Sami, experienced in funding, restructurings, and derisking in M&A transactions; and Jacqui Reid, a regular adviser to DC master trusts, DC and DB occupational schemes, personal pension providers, and IGC and FTSE 100 companies.

Responsables de la pratique:

David Saunders


Autres avocats clés:

Andy Lewis; Fuat Sami; Janet Brown; Jacqui Reid


Les références

‘Their advice is always commercial and pragmatic. The client’s requirements are listened to carefully and support is provided accordingly. ’

‘The team provides pragmatic and proportionate advice. They adjust their styles to reflect the audience and offer both our in-house executive and our trustee the full suite of pensions advice – they are a one-stop shop.’

‘Sackers are an excellent pensions firm that provides first-class corporate pensions advice. At the heart of the relationship is the stability of the Sackers team supporting our business. The depth of knowledge and speed to respond is of the highest level. ’

Principaux clients

Royal Mail Pension Plan (RMPP)


Aviva Master Trust


TfL Pension Fund


DHL Group Retirement Plan


Bank of England Staff Pension Fund


Trustee of the Boots Pension Scheme


The Trustee of the GSK Pension Scheme and the GSK Pension Fund


The Trustee of the TotalEnergies UK Pension Plan


Airways Pension Scheme (APS)


The Trustee of the Nationwide Pension Fund


Principaux dossiers


  • Advised the Trustee of the Royal Mail Pension Plan on the proposed corporate takeover of Royal Mail’s parent company International Distribution Services by EP Group.
  • Advised the Trustee of the TotalEnergies UK Pension Plan on its £1.2bn buy-in of all remaining defined benefit pensioner and deferred liabilities with Pension Insurance Corporation.
  • Advised the Trustee of the Rolls-Royce & Bentley Pension Fund on its £880m buy-in with Standard Life, securing the benefits of c6,000 members of the scheme.

Slaughter and May

Advising some of the largest schemes in the UK for trustees, employers, and bulk annuity insurers, Slaughter and May has deep experience advising multi-billion-pound schemes on all aspects of pensions law. From big-ticket buy-ins and buy-outs to daily pension project planning, the team possesses a formidable reputation in high-value deals. Practice head Charles Cameron is a specialist in the industrial and manufacturing sectors with experience advising on benefit change exercises and derisking multi-billion pound schemes. Daniel Schaffer is one of the team’s leading partners with nearly three decades in practice, specialising in benefit redesign projects, scheme restructurings, regulatory disputes, and covenant and funding solutions. Chris Sharpe, a leading practitioner in collective DC schemes, is also recommended. Charles Magoffin joined the team from Freshfields in 2024.

Responsables de la pratique:

Charles Cameron


Autres avocats clés:

Daniel Schaffer; Chris Sharpe; Charles Magoffin


Les références

‘The team is very strong on technical pensions aspects and excellent at verbally communicating complex information to the Board effectively. The quality of the written legal advice is first-rate, both in terms of legal rigour and readability.’

‘Charles is personable, commercial, and has the ability to cut through issues.’

‘Very high quality and professional level of service – the client always comes first.’

Principaux clients

Royal Mail Group Limited


Railways Pension Trustee Company Limited


BBC Pension Trust Limited


Trustee of BT Pension Scheme


The Trustee of the SCA UK Pension Plan


Legal & General Assurance Society Limited


Premier Foods plc


Centrica Plc


Trustee of the Severn Trent Pension Scheme, Trustee of the Severn Trent Water Mirror Image Pension Scheme


Trustees of the Caterpillar DB Plan and Caterpillar DC Plan


Hays Plc


United Utilities Plc


Reach Plc


E.ON UK plc


Reckitt Benckiser Group plc


Principaux dossiers


  • Advised Royal Mail at all stages on the multi-year creation, development and launch of the Royal Mail Collective Pension Plan, the first collective defined contribution scheme in the UK in 2024 which launched to members on 7 October 2024.
  • Advised the Trustee of the SCA UK Pension Plan on the £1.1 bn full buy-in of the Plan’s liabilities with Legal & General Assurance Society Limited.
  • Advised Legal & General Group plc on its sale of UK house builder, CALA Group, to Ferguson Bidco Limited, a joint venture owned by Sixth Street Partners and Patron Capital for an enterprise value of £1.35bn.

Travers Smith LLP

Travers Smith LLP’s pensions team is experienced in advising the UK’s largest DB and DC pension schemes, covering a host of matters from risk and liability management, investment, contracts, funding and security to employment, tax, governance, and disputes. The practice boasts a risk transfer specialism and is advising on innovative schemes diversifying into the private equity and ESG and sustainability spaces. The team is led by the derisking and trustee advisory expert Susie Daykin. Other standout figures include Daniel Gerring, experienced in advising some of the UK’s largest schemes on covenant, regulatory and governance issues, and David James, who advises employers on pension obligations, and in relation to corporate activity. Andy Lewis left the team in 2024 for Sacker & Partners LLP.

Responsables de la pratique:

Susie Daykin


Autres avocats clés:

Daniel Gerring; David James; Niamh Hamlyn


Les références

‘The team take a deep dive into the issues presented to them to understand our needs. They consult other members of the department if needed and bring an expert into the team for a particular matter. ’

‘The team demonstrates its cohesiveness at all times, they interchange personnel between different meetings as well as matters to ensure the right person it is doing the right thing at the right time, and they are always professional, respectful and a pleasure to work with.’

‘David James – he has a way of making the difficult seem easy, he looks for logical practical solutions that don’t overcomplicate. David has a pleasant, easy-going nature and provides excellence in his approach and delivery.’

Principaux clients

Akzo Nobel (CPS) Pension Trustee Limited


AXA UK Group Pension Scheme


BAE Systems Pension Scheme


C&J Clark Pension Fund


The National Employment Savings Trust (Nest)


Nortel Networks UK Pension Plan


Unilever UK Pension Fund


Vodafone Group Pension Scheme


Microsoft


Principaux dossiers


  • Advised the Trustee of C&J Clark Pension Fund on £540m buy-in with Pension Insurance Corporation.
  • Advised Nortel Networks UK Pensions Trust Ltd (“Trustee”) on the third and final phase of a landmark insurance transaction, with the total value of transactions between the Nortel Networks UK Pension Plan and Legal & General being £2.5 billion.
  • Advise Nest on pensions, investment and competition issues, including innovative market-leading investments in private equity and in the ESG and Sustainability space.

Arc Pensions Law

A specialist law firm in sole pensions work, Arc Pensions Law handles a range of complex and novel work on pension schemes, from scheme wind-ups to documentation issues, bulk transfers, and regulatory matters. The team works with trustees, employers, master trusts, and industry providers, receiving their work directly from client appointments. Practice head Anna Rogers is an industry veteran notably experienced in DB pension schemes, focusing on journey-to-settlement activities, risk management, and insurance risk transfer. Jane Kola is experienced in workplace pension arrangements, specialising in DB scheme restructuring and investment matters. Anna Copestake is another stand-out practitioner, working in DB and DC schemes, focusing on governance and investment risk management. Sonya Fraser, experienced in DB and DC schemes and focused on trustee compliance and end-game planning, is also noted.

Responsables de la pratique:

Anna Rogers


Autres avocats clés:

Jane Kola; Anna Copestake; Sonya Fraser; Kris Weber


Les références

‘Very helpful team – provides valuable updates. They are approachable and available to support the group at all times.’

‘Jane Kola has deep knowledge of pensions and has always translated this into clear and appropriate advice. She has been available whenever there has been any urgency, and she has helped significantly in driving schemes through to wind-up.’

‘The team at Arc has combined excellent client care and technical legal excellence with a sensible, pragmatic approach in my dealings with them this year.’

Principaux clients

Cushon Master Trust Trustees


I Squared Capital


Principaux dossiers


  • Advised I Squared Capital on the pension aspects of its €1.6bn acquisition of Arriva, including a £200m bulk annuity buy-in with Aviva.
  • Advised the Trustees of the Cushon Master Trust on its merger with the Workers’ Pensions Trust, creating the UK’s fifth-largest master trust with £2.7bn in assets.

Baker McKenzie

From strategic journey planning to daily pensions advisory work, the Baker McKenzie pensions team advises trustees, providers, and corporate-side clients on a host of pensions matters. The team works cross-practice to offer clients, often cross-jurisdictionally, advice on risk transfers, buy-ins and buyouts, carve-outs, pension scheme restructurings, and resolving issues related to multiple benefit sections and covenant support arrangements. Arron Slocombe, an expert in pension buyouts and liability management, regulatory clearance work, scheme mergers, and benefit and corporate restructurings, leads the team. The team is supported by stand-out practitioners Jonathan Sharp, a specialist in advising companies and trustees on amending schemes, investments, and resolving members’ complaints; Jeanette Holland, a specialist in large-scale restructurings involving the mitigation of pensions risks; and Tom McNaughton, experienced advising industry-wide schemes in risk management.

Responsables de la pratique:

Arron Slocombe


Autres avocats clés:

Jeanette Holland; Tom McNaughton; Jonathan Sharp; Caspar McConville


 


Les références

‘Well resourced, diverse and knowledgeable team across varying levels of experience providing appropriately experienced resource to differing levels of work.’

‘Engaged, pragmatic and timely. Arron Slocombe and Caspar McConville provide excellent service.’

‘Arron Slocombe has a pragmatic approach to problems and gives sound advice to the Trustees, keeping us abreast of legal developments and trying to be proportionate on steps the Plan needs to take.’

Principaux clients

Accenture


Arqiva Trustees


Atos IT Services UK Limited


Avis Trustees


Baker Hughes


British Land


Cameron Trustees


Chr Hansen Holding A/S


Coats


DXC Trustees


Emerson Electric


GSK


JPMorgan Pension Fund Trustees – of two pension funds


KKR & Co. Inc.


McDermott


Merchant Navy Officers Pension


Orange Telecommunications


PerkinElmer


Punter Southall Pension Solutions Limited


Rio Tinto


Spirent Plan Trustees


Standard Life DC Master Trust


Trustees of the Revvity (UK) Pension Scheme


Tyco Electronics UK Pension Plan


Walgreen Boots Alliance


Workday


Principaux dossiers


  • Advise the trustees and corporate sponsors such as DXC Trustees and Cameron Pensions Trustees on cost and risk management projects as well as complex advisory and compliance matters.
  • Advise the Walgreens Boots Alliance on the project to buy-out and wind up the Boots Pension Scheme following the £4.8bn buy-in of the Scheme with Legal & General.

Burges Salmon LLP

With client across the UK, Burges Salmon LLP‘s pension practice draws on their regional excellence to advise on matters ranging from daily scheme advisory work and assisting with DB and DC schemes to complex, multidisciplinary investigations. The team has a leading alternatives-to-buyouts focus and boasts being on both central and local government panels for pensions work. The team is led by Bristol-based Richard Knight, an expert in DB and DC schemes and risk transfer, who advises some of the largest companies in the UK. Steven Hull joined from Eversheds Sutherland (International) LLP in 2024, contributing to the team's London presence.

Responsables de la pratique:

Richard Knight


Autres avocats clés:

Kate Granville Smith; Clive Pugh; Steven Hull


Les références

‘Clive Pugh is one of the most pragmatic, helpful lawyers.’

‘They always provide timely, proportionate and clear advice on complex matters.’

‘Kate Granville Smith really listens and works with you to understand the issues and client needs. Excellent in managing tasks to completion and goes that extra mile to meet demanding deadlines.’

Principaux clients

Honda Group UK Pension Scheme


Trustees of the AT & T ISTEL Pension Plan


Leonardo Pension Schemes


Methodists Ministers’ Pension Scheme and Trustees of the Pension Scheme for Lay Employees of the Methodist Church


Trustees of the London Luton Airport Pension Scheme


Plumbing Pensions Employers Limited


Church Mission Society and Methodists


Sofegi SpA


FirstGroup


Welsh Archaeological Society


Wessex Water Pension Scheme


Cardiff University Pension Fund


Riverstone


Clarks


Principaux dossiers


  • Advise on funding negotiations, governance responsibilities, investment management agreements, climate change reports, GMP equalisation, and legal issues related to liability-driven investments and security arrangements.
  • Provide strategic UK pensions advice on all matters relating to a £250m DC section and £150m DB section, executing full buy-in, supporting work towards buy-out including GMP equalisation and advising on cybersecurity breach response.
  • Advised on the closure to accrual of two DB schemes (£1.2bn, £1.5bn), implemented GMP equalisation, and managed DC scheme amendments (£220m), assisting with trustee documentation, and provided lead advice on harmonising three trustee boards into one trustee board overseeing all three schemes (including extensive trustee training).

Clifford Chance LLP

Advising standalone advisory and insurance clients, multinational corporates, and private equity companies, Clifford Chance LLP‘s pensions team regularly works on large-scale, high-value matters, covering benefit specifications, buy-ins and buyouts, and professional negligence to DB and DC pension schemes and daily advisory pensions work. Clare Hoxey advises multinational public and private corporations, insurance companies, private equity houses, and trustees of occupational pension schemes on the full gamut of pensions matters. Sarah McAleer is experienced in employer and trustee advisory work, and in the M&A and transactional aspects of pensions issues. Former head of the practice, Hywel Robinson, left the practice in May 2025 for Temple Bright.

Autres avocats clés:

Clare Hoxey; Sarah McAleer


Les références

‘The team has many strengths including its technical expertise, market intelligence, and commercial and pragmatic approach. The responsiveness of the team, the collaborative way it works, and the friendly approach are excellent.’

‘Clare Hoxley’s experience and market knowledge always fills us with complete confidence and enables her to provide clear, straightforward, and pragmatic advice regardless of the complexities involved.’

‘Consistency across the team is very reassuring. The reassurance that whatever requests are made, the response will be delivered in a way that is easy to understand and with a high degree of commerciality.’

Principaux clients

Informa PLC


A corporate professional trustee company in its capacity as the trustee of a UK defined benefit occupational pension schemes


A leading UK automotive services company, in its capacity as sponsor of a large UK defined benefit pension scheme


Global company, in its capacity as sponsor of a large UK defined benefit pension scheme


A global asset management company


A FTSE 250 international defence company


iNova Pharmaceuticals (Singapore) Pte. Limited


Save the Children Fund


Safeway Pension Trustees Limited


WM Morrison Pension Trustee Ltd


Unilever


A leading international private equity firm


Pfizer


Saint-Gobain


Citi


Principaux dossiers


  • Advised Informa PLC on the pensions aspects relating to its definitive agreement to combine its Informa Tech digital businesses with TechTarget (a Nasdaq listed entity).
  • Provided full-service advice to a corporate professional trustee company in its capacity as the trustee of a UK defined benefit occupational pension scheme in connection with the buy-in of one of the pension schemes administered by the trustee and thereafter the substitution of the scheme sponsor as part of a wider corporate restructuring exercise.
  • Provide ongoing pensions advice to the leading UK automotive services company, in its capacity as sponsor of a large UK defined benefit pension scheme.

DLA Piper

Working cross-practice and often drawing on their substantial network to advise clients on cross-jurisdictional issues, DLA Piper‘s pensions team advises employers, insurers, and trustees in DB and DC schemes for some of the largest multinational corporations. The team, operating as a whole, is split between a core pensions team and a de-risking team, having one of the most renowned de-risking expertises in the market, capable of advising on some of the largest bulk annuity deals. Matthew Swynnerton, head of the core pension-focused offering, is experienced in advising some of the biggest multinational pension schemes, and fellow co-head Amrit Mclean, the de-risking side and insurance sector’s head, advises some of the largest bulk annuity insurers.

Responsables de la pratique:

Matthew Swynnerton; Amrit Mclean


Les références

‘Deep sector expertise and a strong profile in the field.’

‘They have their finger on the pulse of the industry.’

‘Matthew Swynnerton demonstrates the highest standards of professionalism and integrity. A wonderful ambassador for the firm.’

‘Always found the team have excellent knowledge and are extremely collaborative and quick to bring issues arising in the industry to the trustees, in order to assist them quickly as needed.’

Principaux clients

Aviva


Rothesay


Phoenix/Standard Life


Pension Insurance Corporation


Canada Life


Just


M&G/Prudential Annuity Company (UK)


Heineken


Uber


National Grid Electricity Group Trustee Limited


E.ON UK Group Trustee Limited


OVO Energy Group Trustees


Uniper UK Trustee Limited


Novartis UK Pension Scheme


Du Pont (U.K.) Limited Pensions Fund


Trustee of the Allied Domecq Pension Fund


Trustees of the Royal Albert Hall Pension Scheme


International Power Group Trustee


PMI Trustees Limited


Stuart Delivery


Principaux dossiers


  • Advised the Group Trustee of the National Grid Electricity Group of the Electricity Supply Pension Scheme on iIts £1.7bn pensioner buy-in transaction with Aviva.
  • Advised Legal & General Assurance Society Limited on its £1.1 bn full buy-in with the trustees of the DB (UK) Pension Scheme.
  • Advised the Group Trustee of the E.ON UK Group of the Electricity Supply Pension Scheme as the receiving scheme on the merger of the nPower Group of the ESPS into the E.ON UK Group.

Fieldfisher

David Gallagher, practice head for Fieldfisher‘s pension team, has over two decades of pensions law experience, regularly working with a range of employers, trustees, product providers, and financial institutions. Having substantially grown in the last five years, the team boasts a multijurisdictional ability and sector expertise in advising schemes for energy companies. The team is also well versed in liability management projects, buy-ins and buy-outs, and master trust transfers. Other notable team members include Oliver Reece, a regulatory disputes, M&A, restructuring, and insurance specialist, who joined the practice in 2024.

Responsables de la pratique:

David Gallagher


Autres avocats clés:

Oliver Reece


Les références

‘The team is able to advise across the full range of pensions issues.’

‘Oliver Reece is incredibly dedicated and committed to his work and his clients, and brings a wealth of experience to his advisory work.’

‘The members of the non-contentious pensions team also conduct substantial litigation, which valuably informs their approach to pensions work generally.’

Principaux clients

Trustees of the Sibelco UK Occupational Pension Scheme


Trustees of the Cooper Consolidated Pension Plan


Trustees of the MTL Instruments Group Pension Scheme


Electricity Pensions Trustee Limited


Trustees of the Beazley Furlonge Limited Pension Scheme


Trustee of the EDF Group of the Electricity Supply Pension Scheme


Brother International Europe LimitedRoss Trustees Services Limited


Glen Dimplex Europe Holdings Limited


ST Microelectronics Ltd


Tensar International Limited


People’s Partnership


Principaux dossiers


  • Advise Ross Trustees Services Limited with drafting and negotiating the commercial agreements essential for launching the IGGnite initiative, an alternative governance model for small pension schemes.
  • Adviser to the Scheme trustee of the Electricity Supply Pension Scheme, providing advice, drafting and commercial support on ongoing day-to-day matters including management of the members’ Annual General Meeting, amendments to scheme rules and dealing with the effects of new legislation.
  • Advise EDFG Trustee Limited, the trustee of the EDF Group of the Electricity Supply Pension Scheme on a wide range of strategic covenant and funding matters and day-to-day work including documenting member-facing policies, sub-committee terms of reference, liability of administrators and compensation claims.

Gowling WLG

Gowling WLG‘s pensions team represents a host of high-profile clients across scheme advisory, employer advisory, pensions risk transfer, and dispute-based matters. The team has had an active year advising on DB schemes, transferring AVCs and DC benefits to master trusts, supporting employers with liability management exercises, advising in the public sector space, assisting the PPF, acting for insurers, and working on large trustee-side transactions. The team is led by the Birmingham-based Elizabeth Gane. In London, other notable practitioners include Jason Coates, a specialist in scheme advisory and employer advisory matters.

Responsables de la pratique:

Elizabeth Gane


Autres avocats clés:

Jason Coates; Madeleine Frost


Les références

‘Long-term trusted advisers. They have never let us down. Genuine engagement with the Trustees, with their and their members interests at the forefront.’

‘The team is highly responsive, very supportive, technically strong and excellent communicators. ’

‘Jason Coates and Maddy Frost are both excellent pensions advisory partners.’

Principaux clients

Trafalgar House Pension Trust


ICL Group Pension Plan of Fujitsu Services Limited


Thales UK Pension Scheme


Trustee of the Unisys UK pension schemes


Rothesay


LCP Streamlined


Trustee of the G4S Pension Scheme


Principaux dossiers


  • Advised the Thales UK Pension Scheme on the post buy-in actions for its 15,000 members as the £2.7bn scheme moves towards a wind-up and buy-out
  • Advised the trustees of the G4S Pension Scheme on its £1.8bn transaction with Just Group to secure all benefit liabilities of the Scheme for over 20,000 members.
  • Assisted the Trustee of the £1.8bn Trafalgar House Pension Trust with a number of strategic projects, including the completion of the first phase of a large GMP conversion project for pensioners and deferred members in bulk to achieve GMP equalisation.

Herbert Smith Freehills Kramer LLP

Advising a range of leading trustee names, employers, insurers, and fund managers, Herbert Smith Freehills Kramer LLP‘s team is experienced in the full gamut of pensions work. Capable of advising insurers in addition to trustees and corporates in de-risking, the team has recently worked with the PPF and major investment management multinationals on pensions issues. Leading the team is Samantha Brown, also the leader of the team’s de-risking group and key figure responsible for relationships with some of the team’s largest clients. Other key figures include Rachel Pinto, an expert in de-risking transactions for insurers, trustees, and employers, and Michael Aherne, who furthers the team’s ability in transactional and advisory work, particularly in the energy sector.

Responsables de la pratique:

Samantha Brown


Autres avocats clés:

Michael Aherne; Rachel Pinto


Les références

‘ The team is excellent.’

‘Michael always thinks issues through and as happy dealing with small as with the big issues.’

Principaux clients

Genus plc


Pension Insurance Corporation (PIC)


Gulf International Bank


Inchcape


Warner Bros. Discovery


Marsh McLennan


Chevron


Tui Travel


Baillie Gifford


Pension Protection Fund (PPF)


CBRE


Principaux dossiers


Mayer Brown International LLP

Mayer Brown International LLP‘s pensions practice group has longstanding relationships with large pension scheme providers, who turn to the team for its expertise across the financial and investment, electricity and energy, and retail sectors. Key workstreams for the group include master trust bulk transfers, buy-ins and buy-outs, advising pension product advisers, and restructuring-related matters. The practice is co-headed by Jay Doraisamy, a specialist in scheme valuations, restructuring, employer covenant issues, and implementation of DEI in relation to schemes, and Andrew Block, experienced in buy-ins, restructuring, and employer covenant and funding packages. Other key practitioners include Duncan Watson, who leads on the team’s investment work advising schemes, investors, and asset managers on investment funds.

Responsables de la pratique:

Jay Doraisamy; Andrew Block


Autres avocats clés:

Duncan Watson


Les références

‘Multifaceted team that covers a broad spectrum of trustee requirements, as well as keeping us effectively informed and engaged with the constantly changing Pensions world – they are extremely knowledgeable and effective in their interpretation of the DB scheme rules.’

‘Very strong team, both in terms of technical knowledge and the ability to apply this to practical situations. The team is very personable and able to explain complex matters in simple terms.’

‘Duncan Watson is a fantastic resource for our pension scheme – he has great technical knowledge.’

Principaux clients

M&G Group Pension Scheme


TI Group Pension Scheme


Trustee of the ITB Pension Funds


Trustees of Commission for Racial Equality Pension & Life Assurance Scheme


Trustees of the Mothercare Staff Pension Scheme and Mothercare Executive Pension Scheme


Electricity Supply Pension Scheme


WH Smith Pension Trustees Limited: WH Smith Pension Trust


The Prudential Staff Pension Scheme (« PSPS »)


Principaux dossiers


Osborne Clarke LLP

Utilising their regional expertise and network, Osborne Clarke LLP‘s pensions practice is experienced in a host of pensions issues, from buy-ins and buy-outs and DB superfunds to advising the PPF and working on DC rationalisation projects. With a strong restructuring and insolvency capability, the team is regularly involved in some of the biggest scheme wind-ups, in addition to having a public sector focus and ability in advising the Local Government Pension Scheme. Jonathan Hazlett, the practice co-head, leads the Bristol operations. In London, Chris Netiatis, a specialist in advisory work for trustees in large schemes, is at the helm. The team is supported by leading practitioners Lee Colgate and Jo Taylor.

Responsables de la pratique:

Jonathan Hazlett; Chris Netiatis


Autres avocats clés:

Lee Colgate; Jo Taylor


Les références

‘Very personable, knowledgeable and professional. I take great comfort in knowing they are my legal advisors for our pension buyout.’

‘Chris Netiatis and Lee Colgate are both very down-to-earth and approachable. They use clear language and I feel comfortable asking them to explain points further where necessary.’

‘All the team seem to have the same level of integrity and honesty in terms of doing the right thing pragmatically and legally for the client, whilst showing strong commercial awareness.’

‘Chris Netiatis is always available for quick advice at the end of a phone, but also proactive in monitoring for actions we need to take before issues arise.’

‘Despite usually being challenging circumstances which bring us into contact, Chris and the individuals in the team are always a pleasure to work with.’

‘Commercial and hardworking.’

‘The team takes time to understand you as a client, building a relationship and trust.’

‘Approachable and responsive. Pragmatic in their approach to problems, finding solutions rather that just highlighting issues.’

Principaux clients

Grant Thornton Pension Fund


Air Canada


Sharp Electronics UK Limited Pension Scheme


BDO LLP


Community Staff Pension Fund


High Commission of Canada in the United Kingdom Locally Engaged Staff Pension Scheme


Pension Plan of Savills


Principaux dossiers


  • Advise the trustees of the c. £400m Grant Thornton Pension Fund on the processes required to secure all members’ benefits with an insurance company.
  • Advise Air Canada on the buy-in to buy-out and wind-up processes in relation to their c. £400m DB pension scheme.
  • Advise the trustees of the Sharp Electronics UK Limited Pension Scheme on all issues of pensions law and practice.

Squire Patton Boggs

From collective DC and master trusts, de-risking, and corporate deal support, to ESG and sustainability investment, data protection, and insolvency and restructuring, the pensions team at Squire Patton Boggs represents some of the biggest schemes in the pensions world. With a sector-focused approach for schemes in regulated utilities, such as the water, nuclear, and electricity practices, the team specialises in public sector pensions. Matthew Giles leads the national practice, while Wendy Hunter, with nearly three decades in practice for employers and trustees on all aspects of pensions law, leads in London. Other noteworthy practitioners alongside her are Kirsty McLean and Chris Harper.

Responsables de la pratique:

Wendy Hunter; Matthew Giles


Autres avocats clés:

Chris Harper; Kirsty McLean


Les références

‘SPB has a great team – they are always on top of the work we need completing, with clear, and non-technical, analysis for their output.’

‘Chris Harper always goes above and beyond and is a testament to SPB. The work is always to a very high standard and easy to understand.’

‘They have extensive expertise in all areas of pensions, which enables them to deal with any non-standard matter, no matter how convoluted or complex. Responses are prompt, and they keep me informed at all times.’

Principaux dossiers


  • Advising the trustees of the £2bn pension plans on the potential effects of the contentious restructuring of Thames Water, in response to very public and highly politicised financial and operational difficulties experienced by Thames Water.
  • Advised on the launch of the UK’s first collective defined contribution plan, the Royal Mail Collective Pension Plan.

Stephenson Harwood

Boasting a growing team that represents some of the largest group pension schemes in the market, Stephenson Harwood‘s pensions team supports clients in multiple jurisdictions on advisory matters and various tax issues, working with a host of trustees and sponsors. Practice head Stephen Richards is an expert in big schemes, advising employers, trustees, and master trusts on day-to-day matters. Other stand-out practitioners include Philip Goodchild, a specialist in the not-for-profit sector who advises on liability reduction exercises, and Estella Bogira, a private wealth and occupational pensions expert. Naeem Noor is also noted for the breadth of his experience across general advisory, transactional, and contentious matters.

Responsables de la pratique:

Stephen Richards


Autres avocats clés:

Philip Goodchild; Estella Bogira; Naeem Noor


Les références

‘Naeem Noor is very sensible, calm and level-headed and Philip Goodchild is an excellent relationship management partner, sorting out any issues and making changes when requested.’

‘The team are considerate, polite, friendly and keep to the subject matter.’

‘They work well together, very solid on the law but also with an eye to value and innovation.’

Principaux clients

The Trustee of the First UK Bus Pension Scheme


The Trustees of the FM Insurance Company Limited Pension Fund & Life Assurance Scheme


Railpen


Santander UK Group Pension Scheme


Northumbrian Water


Trustee of the W & J Leigh Staff Pension Scheme


Principaux dossiers


  • Acted for the Trustee of the First UK Bus Pension Scheme on the merger of the First UK Bus Pension Scheme into the FirstGroup Pension Scheme.
  • Advised on various matters relating to the effective and efficient operation and governance of the four rail industry pension schemes for which Railpen is responsible.
  • Acted on the transition of administration services for the £10bn Santander UK Group Pension Scheme from Aptia to Gallagher and the parallel production of benefit specifications for all 7 sections of the scheme.

Dentons

Dentons‘ team is experienced in advising employers and sponsors across the gamut of pensions matters, covering DB and DC schemes, life assurance arrangements, healthcare trusts, restructurings, and public sector schemes. Able to call upon its sizeable global network, the team often works cross-border on the pensions aspects of global corporate transactions. Eleanor Hart, a specialist in working with trustees and employers, heads up the London office. Other key team members include veteran pensions practitioner and ESG expert, Carolyn Saunders.

Responsables de la pratique:

Eleanor Hart


Autres avocats clés:

Carolyn Saunders


Les références

‘Knowledgeable, experienced, and enjoyable to work with. Great handover and involvement of specialist colleagues as needed, proactively.’

‘Eleanor Hart has been such a pleasure to work with – developing a true partnership.’

‘The Dentons pensions team is relatively small but punches above its weight. Eleanor Hart has a wealth of experience in restructuring and similar issues.’

Principaux clients

The Department for Energy Security and Net Zero


The Edrington Group Limited


Trustees of the Delta Air Lines UK Staff Pension Scheme


Pirelli & C. S.p.A.


Purepay Retail Limited


OCS-UK Limited


Merchant Investors Staff Pension Scheme


Diamond Power Speciality Limited


Sateba UK Limited


SC Johnson


W L Gore & Associates


Simpson Thacher & Bartlett LLP


Ross Trustees Services Limited


Group 1 Automotive


The Law Debenture Pension Trust Corporation plc


Principaux dossiers


  • Advising the Department for Energy Security and Net Zero (DESNZ) and Ofgem on its proposals to create a Future System Operator (FSO) with responsibilities for both electricity and gas systems to achieve net-zero and maintain energy security while minimising costs for consumers.
  • Advising a major pensions client on a number of business-critical projects relating to the sale of their mortgage servicing business and to changes in pensions provision for their many thousands of employees.

Macfarlanes LLP

Drawing praise from clients for its ‘excellent blend of technical expertise, proactivity, collaboration, and user-friendly advisory style’, Macfarlanes LLP‘s wide-ranging capabilities include insurance-based pension risk transfer transactions, pension liabilities, financing provisions, and key regulatory questions. Andrew Barton, who heads the firm’s specialist insurance team, is noted for his strong track record in insurance de-risking for defined pension schemes. Pensions head Faye Jarvis is engaged by a host of corporates and employers for her pension liabilities management expertise. Other key figures include Madison Kaur and Scarlett Yu.

Responsables de la pratique:

Andrew Barton; Faye Jarvis


Autres avocats clés:

Madison Kaur; Stacey Yon


Les références

‘Excellent blend of technical expertise, proactivity, collaboration and user-friendly advisory style. Seamless introduction of other specialist areas to support pensions law projects.’

‘Very accessible and responsive approach. Strong ability to call on wider firm specialists in areas needed to supplement pensions legal advice. Very collaborative style and instils confidence that all matters are covered.’

‘Flexible, collaborative, pragmatic, focused on client goals and outcomes’.

Principaux clients

The Trustees of the United Airlines, Inc. UK Pension Plan


Legal & General Assurance Society Limited


Zurich Assurance Ltd


Wates Pension Trustee Company Limited


Barloworld UK Limited


GBT Travel Services UK Limited


Trustees of the Gemplus Limited Staff Pension Scheme


Pernod Ricard S.A.


Darty Limited


Joint Administrators of Department Stores Realisations Limited


Principaux dossiers


  • Advising the Trustees on all of the actions they need to take in order to purchase a buy-in policyfrom an insurance company in respect of the Plan’s liabilities.
  • Assisted Legal & General on the latest tranche of its long-running transaction withthe ICI Pension Fund.
  • Assisted Zurich Assurance Limited with the novation of its existing longevity swapwith the National Grid Electricity Group of the Electricity Supply Pension Scheme to Aviva as partof a £1.7 billion pensioner buy-in transaction.

Norton Rose Fulbright

Working with the full range of pensions clients, including employers, trustees, insurers, lenders, and service providers, Norton Rose Fulbright is experienced in corporate advisory work, transactions, trustee and employer advisory matters, product development, and investment work.  Recently, the team has focused on growing its sector expertise in consumer markets, energy, infrastructure and resources, financial institutions, life sciences, and technology in buy-ins and consolidation, TPR enforcement powers, restructuring, and risk transfer. Lesley Browning, whose capabilities span pensions regulatory and governance matters, corporate transactions, scheme mergers, restructuring, buy-ins and buy-outs, and investment issues, leads the team.

Responsables de la pratique:

Lesley Browning


Autres avocats clés:

Suzie Kemp; Shane O’Reilly


Les références

‘They are a very strong team – Lesley Browning has experience second to none; Shane O’Reilly is commercial and pragmatic with a focussed approach to complex issues; and Suzie Kemp has a very strong client focus in ensuring that input from multiple teams aligns with client needs.’

‘Strong ability to provide clear and coherent the advice, professional, responsive, dynamic law firm.’

‘High-end pensions team covering all aspects of non-contentious work with scrupulous attention to detail whilst maintaining a commercial approach.’

Principaux clients

Abellio Transport Holdings B.V.


Abellio Transport Holdings Ltd


AB Stena Finans


ABN AMRO Bank N.V.


Accolade Wines Ltd


Aerovias de Mexico, S.A. de C.V.


AES Corporation


AIG Life Limited


Aquiline Capital Partners LP


Arla Foods Amba


Arthur J Gallagher


Bank of America


Barclays Bank plc


Bombardier Inc.


The Boston Consulting Group Limited


BMO Financial Group (operating name for Bank of Montreal)


Carnival plc


Calsberg A/S


Carlsberg UK Limited


Carrier Pension Trustee Limited


Cobalt Energy Limited


Cognizant Technology Solutions Corporation


Colgate-Palmolive (UK) Limited


Conning Holdings Limited


Corebridge Financial


Countryside Partnerships Holdings plc


Crest Nicholson plc


Dalriada Trustees Limited


DHL International (Ireland) Ltd


Direct Line Group


Energizer Brands LLC


ERGO Versicherung AG


Financial Conduct Authority


Financial Services Compensation Scheme


FTI Consulting LLP


Garda World Security Corporation


GFG Alliance Ltd


HSBC UK Bank plc


Hydro Aluminium Deeside Ltd


Hydro Aluminium UK Limited


Hydro Building Systems UK Ltd


Hyperion Insurance Group Limited


IMI plc


Independent Governance Group


Infropro Diginal Holding (UK) Limited


ING Bank NV


Invensys Pension Trustee Limited


Kaefer Limited


Kemble Water Holdings Limited


Kerry Group Plc


Liberty Merchant Bar Plc


Liberty Pressing Solutions (Coventry) Ltd


Lyondellbasell Industries Holdings B.V.


Lyondell Chemical Europe Inc.


McLaren Technology Group Limited


Marsh McLennan Companies, Inc.


Morgan Stanley Smith Barney LLC


MS Amlin plc


Munich Re


National House Building Council


Nikko Asset Management Co., Ltd


Norsk Hydro ASA


Northern Marine Management Ltd


Northern Trust


Omnilife Insurance Company


Oxford Instruments Plc


P&O Ferries Division Holdings Limited


Post Office Limited


QBE Management Services Limited


Renishaw plc


Royal London Mutual Insurance Society Ltd


RWE AG


Sandvik AB


Simec Lochaber Hydropower 2 Limited


SNC Lavalin


Société Générale SA.


Starling Bank


Stena AB (publ)


Stena Drilling Limited


Stena Line Limited


Thames Water Holdings Limited


Trustee of the IPT Group Pension Plan


Trustee of the Oxford Instruments Pension Scheme


Trustee of the Steel Construction Institute Pension Scheme


Trustees of the Bayerische Landesbank Retirement and Death Benefits Plan


Trustees of the BBVA London Pension Plan


Trustees of the Crown Agents Superannuation Scheme


Trustees of the Dover Harbour Board Pension and Life Assurance Scheme (1973)


Trustees of the J.J. Churchill Ltd Executive Pension Plan


Trustees of the Marylebone Cricket Club Pension and Assurance Scheme


Trustees of the National Bank of Abu Dhabi Pension and Life Assurance Scheme


Trustees of the Royal Lancaster Hotel Retirement Benefits Plan


Trustees of the SITA Defined Benefit Pension Scheme


Trustees of the Thomson Pension Fund


Trustees of the West of England Ship Owners Insurance Services Ltd Retirement Benefits Scheme


USAA SA


V. Ships UK Ltd


Vitality Life Limited


Vroon Offshore UK Limited


WealthTek LLP


Wyelands Capital Limited


Principaux dossiers


Reed Smith LLP

Reed Smith LLP‘s pensions team manages a number of complex, high-value schemes, advising on a range of matters from funding negotiations and risk transfer strategising to restructuring, consolidation, investment management, and benefit structuring. The team is led by Will Sutton, a trusted adviser to trustees, employers, investors, and lenders on scheme mergers, closures, funding, buy-ins and buy-outs, and the pension aspects of M&A, Simon Hartley, an expert in scheme documentation, mergers, funding and covenants, employer debts, and litigation, and Justine Senior, a veteran practitioner in scheme management, complex funding, covenant negotiations, and restructuring.

Responsables de la pratique:

Simon Hartley; Justine Senior; Will Sutton


Les références

‘Small and very professional team with named partner contacts readily available when needed.’

‘They are proactive, pushing matters forward without prompting, even when those areas might not be in their legal remit. The team is also pragmatic in giving advice and is thoughtful about the wider context.’

‘Justine Senior and Will Sutton address issues when required, but more importantly, anticipate our needs and provide solutions tailored to our particular circumstances.’

Principaux dossiers


Simmons & Simmons

Working with some of the largest financial services companies, Simmons & Simmons‘ growing pensions team has considerable experience in DB surplus schemes, de-risking DB pensions arrangements, advising multinationals on the pensions aspects of M&A, GMP equalisation, investigations and compliance. At the helm is Danny Tsang, an expert in advising corporate clients in benefit structures, including scheme mergers and de-risking solutions. Other standout practitioners include Edward Smith and Laura Friedman.

Responsables de la pratique:

Danny Tsang


Autres avocats clés:

Edward Smith; Laura Friedman; Mark Howard


Les références

‘Experienced, and work well together to provide excellent advice to our plan, as clients.’

‘Danny Tsang goes out of his way to liaise well with the trustees and his team. He develops new team members, and provides them with every opportunity to grow, always with our blessing.’

‘Laura Friedman is an excellent lawyer, and combines this with excellent communication skills.’

Principaux clients

DXC Technology


Mercedes Benz Trucks Limited


GlaxoSmithKline


Confederation of Health Service Employees (COHSE)


BASF plc


Doosan Babcock Trustees


Anheuser-Busch InBev Group


West Ferry Printers Pension Scheme


Honeywell


Griffiths & Armour


Principaux dossiers


  • Advising GlaxoSmithKline with ongoing advisory work for the trustees of the SmithKline Beecham Pension Plan and SmithKline Beecham Senior Executive Pension Plan, two of GlaxoSmithKline £1bn+ pension arrangements.
  • Advised AB InBev UK Ltd Pension Trust Limited and Stag Brewing Pensions Limited, the respective trustees of two significant UK pension plans for the Anheuser-Busch InBev Group, since 2011.
  • Acting for Griffiths & Armour on the restructuring of its pensions arrangements in preparation for its acquisition by Aon.

Taylor Wessing LLP

With a particular focus in tech, data protection, and cybersecurity, Taylor Wessing LLP‘s pensions practice regularly assists trustees and employers with cybersecurity-related training on pensions matters. Additionally, the team handles pensions work related to company restructurings, buy-ins and buy-outs, and day-to-day advisory work for employer schemes. Practice head Mark Smith, advises on the full range of pension schemes for a diverse range of FTSE 100 companies, public bodies, and charities.

Responsables de la pratique:

Mark Smith


Les références

‘An excellent team that is focus and responsive. They are very aware of clients’ needs and work hard to deliver them in a speedy and reliable fashion.’

‘Mark Smith is an outstanding individual who ensures he delivers well-thought-out and reasoned advice – he is proactive and always working to protect the client, explaining in plain and straightforward language the advantages and drawbacks/risks of the recommended advice and guidance.’

‘Very strong team and knowledgeable in a highly sought after area’

Principaux clients

Trustee of the Merchant Navy Ratings Pension Fund


Trustees of the Visa UK Pension Plan


Trustee of the Royal British Legion Staff Pension Fund


Company in the transport sector


Trustee of a pension scheme operated by a marine consultancy


Trustee of the Galderma (UK) Limited section of The Pensions Master Plan


Trustee of the Sedgemoor Group Pension Fund


Thorntons Limited


Trustee of the Holmes Place plc Pension Scheme


Independent Governance Group


London United Busways


Trustee of the Merchant Navy Ratings Pension Fund


Trustees of the Visa UK Pension Plan


Trustee of the Royal British Legion Staff Pension Fund


Company in the transport sector


Trustee of a pension scheme operated by a marine consultancy


Trustee of the Galderma (UK) Limited section of The Pensions Master Plan


Trustee of the Sedgemoor Group Pension Fund


Thorntons Limited


Trustee of the Holmes Place plc Pension Scheme


Independent Governance Group


London United Busways


Principaux dossiers


  • Advise the trustee of The Merchant Navy Ratings Pension Fund on a range of issues relating to engagement with the employers in the industry-wide pension scheme.
  • Advise the trustees of the Visa UK Pension Plan on a range of issues relating to the provision of promised benefits under the scheme and drafting a new definitive deed and rules.
  • Advise the trustee of the Sedgemoor Group Pension Fund on a buy-in of the scheme’s benefits.

Addleshaw Goddard

Drawing on the strength of the wider national group, Addleshaw Goddard‘s pensions practice advises blue-chip corporates and trustees boards, who turn to the firm for its wide-ranging offering, including its specialist bulk annuities team, strong M&A pensions transactional offering, specialist SIPP, SSAS, and pensions products team, and pensions investment expertise. Catherine McAllister, experienced in valuation discussions, corporate reorganisations, and buy-ins, and Rachel Uttley, who leads the bulk annuity practice, co-head the team.

Responsables de la pratique:

Catherine McAllister; Rachel Uttley


Autres avocats clés:

Jade Murray; Judith Donnelly; James Pickering; Paul Feathers


Les références

‘Strong knowledge and a practical approach – good people to work with.’

‘Addleshaws provide us with a high level of service and display professional standards which would be expected of a high-quality law firm.’

‘Catherine McAllister is consistently professional and provides practical advice in all areas including scheme mergers, closure to accrual and deed interpretation.’

Principaux clients

Anglian Water


Artelia


Atalian Servest Limited


Barclays Bank Plc


Boortmalt UK Limited


British Airways


Britvic Plc


Trustees of the CADCentre Limited Pension Scheme


Trustee of the Cambridge University Press Contributory Pension Fund


Trustee of the Credit Agricole CIB Legacy Pension Scheme


Daily Mail & General Trust Plc


De Beers Plc


Trustees of the Delbanco Meyer & Company Retirement Benefits Scheme


FNZ Group


Hachette UK Limited


Hoare Lea LLP


JCB Finance Limited


McCormick (UK) Limited


Michelin Plc


Nexgen Holdings 1 Limited


Pension Insurance Corporation


The Board of the Pension Protection Fund


Rathbones


Saga group


Samworth Brothers Limited


Sekal Aberdeen Limited


Steinhoff UK Holdings Limited


Tameside Metropolitan Borough Council


THM Partners LLP


Threadneedle Asset Management


Torbay & South Devon NHS Foundation Trust


Trustees of the Unisys Public Sector Pension Scheme


University Superannuation Scheme


Wigan Metropolitan Borough Council


William Hill Plc


Principaux dossiers


  • Advise Pensions Insurance Corporation on the pensions, finance and reinsurance issues arising from its £1.2bn buy-intransaction with the Total UK Pension Scheme.
  • Advise the sponsoring employer of the Homestyle 2008 Pension Scheme (originally the scheme of the Blue Group) on the successful buy-out of its pension scheme which completed in January 2025 after completing a buy-in contract with Aviva in 2020.
  • Long-term pension advisers to the Trustee of the Credit Agricole CIB Legacy Pension Scheme, a complex scheme formed from the merger of 8 schemes over a period spanning 1988 to 2012.

Ashurst

Led by John Gordon, a practitioner with over twenty years of experience in advising private and public UK and multinational employers and trustees, Ashurst‘s pensions team often advises on some of the most complex DB and DC pension schemes. Working on a wide range of corporate and regulatory matters, the group works closely with the restructuring team for pensions-related work, advises corporates, lenders, and trustees in refinancing matters, and calls on its sector-expertise in the rail industry to advise rail companies.

Responsables de la pratique:

John Gordon


Principaux clients

Basalt Infrastructure Partners III GP Limited


Carr’s Group PLC


Renewi plc


Lendlease Europe Holdings Limited


SIG plc


Clement Clarke Pension Trustees Limited


Selfridges & Co


The Legal Education Foundation


Docklands Light Railway Limited


The Official Receiver acting as Liquidator of Thomas Cook Group plc (in Liquidation) and of various subsidiaries in liquidation


Great British Nuclear


WM Morrison Supermarkets Limited


Principaux dossiers


  • Advised Renewi plc on its £707m takeover by Earth Bidco N.V., a company controlled by Macquarie European Infrastructure Fund 7 and British Columbia Investment Management Corporation.
  • Advise TfL (Transport for London) and its subsidiary DLRL on the pensions aspects of the refranchising of the Docklands Light Railway (DLR).
  • Advised Wm Morrison Supermarkets Limited, on a broad range of pension issues to manage legal issues in relation to the Group’s defined benefit pension arrangements and the funding structures which support them.

gunnercooke LLP

Covering all major areas of pensions, and increasingly engaged by clients in the public and education sectors, as well as master trusts, gunnercooke LLP is noted for its unique professional trustee company that acts for small schemes across the UK, focusing on planning, accountability, and addressing regulator concerns. Helen Miles, a specialist in DB schemes, governance, transactional work, and liability management, and Parminder Latimer, an expert in scheme mergers and end-game strategies, are the key contacts.

Autres avocats clés:

Helen Miles; Parminder Latimer; Michael Jones


Les références

‘Helen Miles – approachable and gives very pragmatic and thoughtful advice.’

‘Michael Jones is our go-to pensions expert on M&A transactions. He knows what matters, is able to quickly identify the issues and assess risk, and from there advise solutions. Technically able, commercially astute and cost effective, Michael is a pleasure to work with.’

‘Excellent pensions expertise through Michael Jones.’

Principaux clients

Cosworth Racing Limited Pension Fund


Brockhampton Pension Scheme


Principaux dossiers


Irwin Mitchell

Irwin Mitchell‘s pensions practice regularly operates across the higher education, charity, and manufacturing sectors in restructuring and pensions disputes.The firm provides pension tax advice with private wealth expertise, and has recently developed a specialism for advising employers and individuals in setting up and running Sharia-compliant schemes for DC savings. Penny Cogher, a pensions law and private wealth veteran, and Martin Jenkins, an expert in sponsors on benefit review and de-risking, run the London office, while Donna Seferta heads the wider team from Birmingham.

Responsables de la pratique:

Penny Cogher; Martin Jenkins; Donna Seferta


Les références

‘Penny is always a joy to work with and finds pragmatic and workable solutions to issues. She is able to advise in a friendly, clear-cut manner.’

‘Penny is very prompt and great at providing extensive background research that I can rely on implicitly.’

‘Provide proactive advice and information on the issues we face, helping us navigate through the changing regulatory field.’

Principaux clients

MetLife Group Master Trust


Unum


Principaux dossiers


Keystone Law

Working cross-departmentally with their employment, corporate, tax, regulatory, and financial services teams, Keystone Law‘s pension practice is experienced in pension plans, benefit designs, wind-ups, investment issues, share incentive plans, among other key workstreams. The practice’s key contact is Monica Ma, who possesses nearly three decades of experience advising employers and trustees. Other notable practitioners include the recently hired David Griffiths.

Autres avocats clés:

Monica Ma; David Griffiths


Principaux dossiers


TLT

TLT’s notably growing pensions team advises household-name clients and government departments on public sector pensions, master trusts, and SSAS and FURBS matters. The team is led by the Bristol-based Sasha Butterworth, an expert in pension change projects, regulatory products, and master trusts.  The dual qualified (England and Wales and Northern Ireland) Chris Crighton is also a stand-out practitioner.

Responsables de la pratique:

Sasha Butterworth


Autres avocats clés:

Chris Crighton; Ellie Taylor


Les références

‘Chris Crighton is great – very pragmatic, doesn’t sit on the fence, and clear and concise.’

 

Principaux clients

Anglian Water


Fujitsu Technology Solutions International Pension Plan Trustee


Sainsbury’s Supermarkets Limited


Mayor’s Office for Policing and Crime


Viridor Waste Management Limited


WH Smith


Travelers


Arkema Bostik Pension Trustee Limited


Mono Equipment Pension Scheme Trustees


Trustees of the Princess Yachts Pension Scheme


Trustees of the Colas UK Pension Plan


Shine Wraparound Care Limited


Trustees of the United Kingdom Accreditation Service Pension Scheme


BW SIPP LLP


WBR Group


Boolers Pensions and Investments


Principaux dossiers


Trowers & Hamlins LLP

With the ability to navigate the private, public, and third sectors, Trowers & Hamlins LLP has longstanding relationships with household-name clients in the pensions space. The team advises housing providers and charities, local authorities, and service providers in matters ranging from DB pension arrangements to protecting clients from liabilities arising from Pensions Trust benefit review cases. Practice head Martin McFall's expertise covers salary-related schemes, restructuring, liability management, and wind-ups.

Responsables de la pratique:

Martin McFall


Les références

‘Extremely knowledgeable, very good at guiding you through areas that are new to a business, commercial and regulatory capabilities strong and good at explaining complex legal jargon.’

Martin McFall – experienced, knowledgeable and provides invaluable expertise.’

Principaux clients

Forhousing


XPO Logistics


Bic UK Limited


Universal Music Organisation


Incommunities


West Kent Housing Association


Trustees of the International Transport Federation Pension Scheme


Regulator of Social Housing


Cross Keys Homes Limited


English Heritage


Electrical Safety Council


Sovereign Network Homes


RNIB


Youth Hostels Association


Clarion Housing


Bristows LLP


ICTS Limited


Principaux dossiers


  • Advised Forhousing on the sector significant sale of Liberty to Wates, involving over 1100 staff.
  • Advised the Regulator of Social Housing on its consultation to cease membership of the Homes England pension scheme and join the Civil Service Pension Scheme.
  • Advise 20 employers who are protecting their positions pending the outcome of the decision in Verity Trustees Limited v (1) Katherine Wood and (2) Save the Children Fund (Claim No. PE-2023-000004).

Wedlake Bell LLP

Wedlake Bell LLP‘s pension practice advises employers, trustees, intermediaries, and insurers on a range of pension matters, from tax-efficient employee incentive arrangements, end-game planning, and liability management to corporate transaction support, compliance, and private client issues. The team regularly acts for a range of household names, often advising on cross-jurisdictional matters. Justin McGilloway, who leads the team, has over twenty years of experience acting for employers, trustees, pension providers, and individuals on a host of pensions matters. Paul Ashcroft is also recommended.

Responsables de la pratique:

Justin McGilloway


Autres avocats clés:

Paul Ashcroft


Principaux clients

Trustees of the Natixis Pension Scheme


Jotun Paints (Europe) Limited Pension Scheme (Trustees of the Scheme)


Capital Radio Pension and Assurance Scheme (Trustees of the Scheme)


The Carlton Tower Pension Scheme (Trustees of the Scheme)


Trad Scaffolding Limited


Mission Aviation Fellowship Europe Pension Scheme (Trustees of the Scheme)


Concentrix – The Stream International Pensions Scheme (Trustees of the Scheme)


National Centre for Social Research (Trustees of the Scheme)


Scandinavian Airlines Pension and Assurance Scheme


Steamship Insurance Management Services LimitedPension Scheme


Trane UK Limited Retirement Benefits Plan


SITA Defined Benefit Pension Scheme


James Latham Plc (Trustees of the Scheme)


Sumi Agro Pension Scheme


Concentrix (a subsidiary of SYNNEX Corporation)


Turning Point Scotland


United Grand Lodge of England Pension Scheme


Telereal Pension Plan


Natixis Pension Scheme


Principaux dossiers


  • Advised the pension trustees of a scheme associated with a leading global corporate and investment bank on the de-risking of its UK defined benefit pension scheme, which culminated in the buy-in of all pensioner and deferred member’s benefits with a leading insurer.
  • Advised the pension trustees of a scheme associated with the world’s leading specialist in air transport communications and information technology on a major benefit rectification exercise stretching back 35 years.
  • Advised the trustees of the Capital Radio Pension Scheme on de-risking of its UK defined benefit scheme, which culminated in the buy-in of all pensioner and deferred member’s benefits with Pension Insurance Corporation.

Womble Bond Dickinson (UK) LLP

Acting for trustees, providers, insurers, and sponsoring employers, Womble Bond Dickinson (UK) LLP‘s pension team advises some of the UK’s largest companies. The team is noted for its focus on the public and voluntary sector, has close links to regulatory bodies, and also offers contentious pensions experience. Martin Poore leads the wider team from Newcastle, while other key contacts include Tracy Walsh and Suzanne Duff.

Responsables de la pratique:

Martin Poore


Autres avocats clés:

Suzanne Duff; Tracy Walsh


Les références

‘Suzanne Duff has very extensive knowledge of the sector as well as a lot of contacts. Her knowledge is second to none, and she takes a very commercial approach to matters wherever possible.’

‘Expert advice from a team which makes the complex world of pensions law straightforward. No-nonsense opinions in a world where you want your advisors to advise!’

‘Tracy Walsh is the expert in this field, with a team that supports the best decisions for employers, funds, and employees.’

Principaux clients

Broadacres Housing Association


Procter & Gamble


Taylor Wimpey UK Limited


Trustees of the RM Pension Scheme Limited


Trustees of the Perivale Gütermann Pension and Life Assurance Scheme


Royal Masonic Benevolent Institute


Somerset Wildlife Trust


Pocklington School


Everyturn


Trustees of the Lincolnshire Co-operative Pension Scheme


K H One


West Lancashire Borough Council


Doncaster City Council


Renewable Energy Systems


Dogs Trust


Accent Housing


BBC Children in Need


Tower Transit


Aysgarth School


Bishop Wilkinson Catholic Education Trust


IBM United Kingdom Limited


Northern Powergrid (North East) plc


Trustee of the VA Tech UK Pension Scheme


Trustees of the House of Hardy Pension Scheme


Chartered Institute of Library and Information Professionals (CILIP)


Trustees of the Raleigh Pension Scheme


Trustees of the Perivale Gütermann Pension and Life Assurance Scheme


Trustees of the Newcastle Building Society Pension & Assurance Scheme


Principaux dossiers


  • Advise the Trustees of the British Red Cross Pension Fund (UK Fund) and the Scottish Branch, British Red Cross Society Retirement Benefits Scheme (Scottish Scheme) on the buy-out and wind-up of both schemes, including how to allocate a funding surplus between the scheme members and the Society.
  • Advise the Trustee of the VA Tech UK Pension Scheme on various, elements of its project to complete the buy-out and wind-up of the scheme, including features associated with the reinsurance of the benefits that were originally insured with PIC, and the provision for transfers in of DC pots from other pension schemes.
  • Advised P&G on its establishment of a new section of the Aon Mastertrust for deferred members, to enable them to access greater flexibilities and options in relation to their retirement account than would otherwise be available in P&G’s own £2billion hybrid occupational pension scheme