Cookies on our website

We use cookies on our website. To learn more about cookies, how we use them on our site and how to change your cookie settings please view our cookie policy.

Read more Close
Skip Ribbon Commands
Skip to main content
Sign In

Employment and Benefits

UK: recent experience

Our recent work includes: 

  • We have advised the Trustee of the ICI Pension Fund on a sequence of buy-ins, including the UK’s largest buy-in deal, structured as two separate transactions with different insurers, negotiated on a single timetable. Our groundbreaking work for this client includes structuring the first ‘framework’ approach to buy-in contracts, to allow further tranches of liabilities to be added cost-effectively at a later date. Our innovative legal technology helps our client save time and money, and ensures that the trustee can transact easily and efficiently: it has now secured eleven tranches (£ 9bn) of liabilities.
  • We advised the Trustee of the BT Pension Scheme on its £16bn longevity swap – another record-breaking deal, and one which included a market first in helping the Trustee establish a captive insurer to access the reinsurance market.

  • We advised the trustee of a FTSE100 company on a £400m structure replacing pre-existing guarantees with surety bonds – a new technique in alternative funding. 

  • We devised an entirely novel solution for the pensions aspects of the Ministry of Justice’s Transforming Rehabilitation Programme, without which this significant project (involving assets and around £8bn of liabilities across 35 local authority funds) could not have proceeded.

  • We advised Prudential in a high profile dispute over pension increases, including an application for directions to the High Court as a result of which our client's approach was approved.  

Dana Burstow

Consultant
United Kingdom DanaBurstow

Neil Bowden

Partner
United Kingdom NeilBowden

Jane Higgins

Partner
United Kingdom JaneHiggins

 

 

 

Our Pensions Disputes practice

Pensions Group



  • Add comment (optional)