Pinsent Masons appointed on £800m Unite pension scheme
05 Jan 2015 | 04:01 pm |
International law firm Pinsent Masons is celebrating a major win following its appointment as sole legal advisers to the £800 million Unite Pension Scheme for staff and officers of Unite the Union, the largest trade union in the UK and Ireland.
The final salary scheme recently doubled in size as a result of the merger of the former TGWU and Amicus union pension schemes and is run by a board of 14 trustees who decided to appoint Pinsent Masons following a competitive process.
The Pinsent Masons pension team has a strong track record in the sector, from advising the TGWU, Amicus, the National Union of Mineworkers and the Unity Trust Bank.
Howard Ridley, a Partner in the pension practice who led the Pinsent Masons team, said:
"We are delighted to be appointed to act for such a significant scheme. Our sector experience was a key factor in our appointment. In addition to advising the trustees on a full range of contentious and non-contentious pension issues, we can also provide them with specialist support on investment and property issues. We look forward to helping the trustees ensure that the scheme continues to be well run and meets the needs of its members."
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