Robert Tellwright
Partner
Robert is a partner in the pensions & long term savings team who specialises in pensions risk transfer work.
He regularly advises pension trustees, sponsoring employers, insurers and reinsurers on buy-ins, buy-outs and longevity hedging transactions, including a number of landmark deals for major pension funds.
Rob's breadth of experience acting for both pension schemes and insurers/reinsurers sets him apart from many other lawyers in this field, and means he is perfectly placed to give a rounded view of the market and to navigate transactions effectively.
Rob also advises on a wide range of issues affecting defined benefit and defined contribution schemes, and is known for his strategic, assured and personable approach to tackling issues such as risk transfer, scheme closures, benefit changes, funding arrangements, bulk transfers and liability management exercises.
Robert's experience
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Advised the trustees of two sister schemes on a significant buy-in transaction, including a competitive insurer-selection and Requested Contract Terms process, arrangements to avoid a trapped surplus and complex processes for changing GMP equalisation methods (moving from conversion to dual records) to facilitate a future buy-out.
- United Kingdom
- Financial Services
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Advised the trustees of a pension scheme on a full scheme buy-in with a leading insurer, securing the benefits of over 1,250 members, including the insurance of complex benefit underpins and guarantees, a competitive insurer selection and requested contract terms process, and governance measures including comfort and disclosure letters for warranties.
- United Kingdom
- Financial Services
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Advising the trustees of the Carr's Group Pension Scheme on a £44m buy-in transaction with Aviva. This covered 216 pensioner and 56 deferred members.
- £44m
- United Kingdom
- Technology, Science & Industry
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Advised two schemes in the same family-run business on sub-£30m deals: one under L&G’s FLOW proposition, the other with Aviva, and the related buy-out projects including return of surplus and dealing with individual annuities.
- United Kingdom
- Financial Services
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Advised the trustees of the ABC Cinemas pension scheme (Odeon Group) on a £20m buy-in with Rothesay.
- United Kingdom
- Financial Services
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Advised the corporate sponsor and trustees of a pension scheme in the financial services sector on a significant pension buy-in transaction. We provided strategic advice to the sponsor on its de-risking strategy, including a surplus sharing agreement, and advised on the benefit specification and risk issues arising from the Virgin Media judgment.
- United Kingdom
- Financial Services
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Advised the corporate sponsor of a pension scheme in the financial services sector on a buy-in transaction, including advice on key risk issues relevant to the sponsor, and a temporary sponsor loan facility to finance the transaction and avoid a trapped surplus arising.
- United Kingdom
- Financial Services
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Advised the trustees of a pension scheme on a complex GMP equalisation and conversion project effected in a number of tranches, as well as associated rectification work for current and former members.
- United Kingdom
- Financial Services
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Advising Just on the £110m buy-in of the Ockham Pension Scheme.
- United Kingdom
- Financial Services
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Advised the employers of the abrdn (SLSPS) Pension Scheme on the destination of surplus remaining in the scheme. At a hearing, the Scottish Court of Session confirmed the entitlement of the employers to receive the surplus.
- United Kingdom
Credentials
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2014Joined Pinsent Masons
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2012Senior Associate, Allen and Overy
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2007Associate Allen and Overy
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2007Qualified, England and Wales
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2002Law LLB, University of Manchester
Out-Law / Insight by Robert Tellwright
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