Penningtons Manches aims to provide pensions advice across a range of issues in a straightforward and easily understandable manner, avoiding the use of pensions 'jargon' wherever possible.
Our team of specialist pensions lawyers has experience of all forms of UK based pension and life assurance arrangements, advising employees, trustees and intermediaries. We have an in-depth understanding of a broad range of scheme types, including defined benefit (final salary and career average schemes), defined contribution and hybrid schemes. Our lawyers also provide support on other pension arrangements such as contractual and stakeholder arrangements, small self-administered schemes and self-invested personal pensions and obligations under the 'auto-enrolment' regime for workplace pensions.
Examples of recent areas of focus include scheme funding issues (such as negotiating security and Pension Protection Fund levy issues); pension matters in corporate restructuring exercises and company sales; scheme mergers; rule consolidation projects; scheme amendments (including closure exercises) and pensions related disputes.
We have detailed knowledge of the special rules on pensions which apply in the public sector in particular in relation to transfers of staff to the private sector.
Our approachable team has many years of experience in top City and regional pensions practices within leading law firms.
Advising a UK corporate on a merger of its three defined benefit pension arrangements into a newly created scheme, and on steps to reduce its Pension Protection Fund levy bill.
Representing a multi-national business in relation to proposals to restructure its UK operations and the impact on its UK registered defined benefit pension scheme. We also advised on contractual issues for active members seconded overseas.
Acting for the trustees of the Royal Air Forces Association Pension and Assurance Scheme in connection with employer proposals to close the scheme to the future accrual of benefits.