Our team has decades of experience in advising trustees and sponsoring employers on the pensions implications of corporate change – acquisitions, mergers, disposals, restructurings and reorganisations, distressed sales and outsourcings. Over that time, we have observed how legislative and regulatory trends have repeatedly reshaped the legal backdrop and altered the expectations imposed on both employers and trustees.
With the Pensions Regulator due to continue its programme of “clearer, quicker and tougher” regulation, we are ideally placed to advise and assist.
Whether you are considering a corporate change and want to know more about the potential pensions implications or are unsure of the options available to you as a trustee, we have the knowledge and expertise to help.
Our team offers a complete range of services covering:
- advice on corporate pensions strategy and options;
- negotiation and implementation of funding solutions for defined benefit pension liabilities in mergers, acquisitions and disposals;
- advice on defined contribution pensions and automatic enrolment;
- assistance with regulatory interactions in connection with corporate activity;
- advice in relation to proposed corporate restructuring and pension implications; and
- advice in relation to deficit management and risk reduction exercises.
Our recent experience includes:
- advising trustees on a sponsoring employer’s sale of a business division, including the negotiation of a package of mitigation and special terms for affected members;
- acting for trustees on business separation requirements imposed upon a sponsoring employer and the resulting impact on the scheme’s financial covenant;
- advising trustees on the part disposal of an employer’s business, including providing advice on a proposed bulk transfer and the settlement of employer debt, supported by a package of mitigation triggers;
- advising various employers and trustees on the negotiation, payment and postponement of employer debt following corporate changes; and
- advising employers on mergers and the impact of corporate sales and potential employer debt triggers.