As one of the largest teams of risk transfer specialists we bring the depth and breadth of expertise needed to navigate this complex process and deliver optimal outcomes for members, trustees, sponsors and insurers.
We advise on how to structure and present scheme benefits to attract strong insurer engagement and competitive pricing, ensuring good outcomes for all stakeholders.
We give strategic guidance on issues such as the allocation of risk and how to ensure robust governance, and we guide you on complex and innovative approaches such as solutions for illiquid assets, framework bulk annuity schemes structures, and residual risks cover.
We reduce execution risk by proactively addressing legal issues ahead of exclusivity. Our extensive experience of working with trustees, sponsors, insurers and reinsurers enables us to resolve issues swiftly and efficiently.
Our advisers act on domestic and international matters of all shapes and sizes, working with many of the leading names in the market. Browse our experience below, or use the filters to look-up recent work in particular geographies and industry sectors.
Advised the Trustee of the Arco Group Pension and Life Assurance Scheme on its £135m transfer to Clara Pensions. This was the first Clara transaction as part of a wider sale process and will see 1,281 members transfer to the Clara Pension Trust, providing greater security for member benefits.
Advised the sponsor of a £2.5 billion pension scheme on strategic endgame options, including the use of surplus as an alternative to a buy-in transaction and subsequent considerations relating to a potential full buy-in and buy-out. The work involved complex pensions, tax, employment and security arrangements.
Advised the trustee of a defined benefit pension scheme on a £700 million+ buy-in and subsequent buy-out, including the transfer of active members to a newly established scheme to enable continued accrual and the securing of discretionary pension increases for pensioners.
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.
Advised the trustee of the Videndum DB Pension Scheme on the bulk transfer of members and assets to the Clara Pension Trust, the UK's first authorised defined benefit pensions superfund. The transaction was the first completed through Clara's small schemes offering, improving the security of member benefits.
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.
Advising the Trustees of the The Siemens Healthineers Benefits Scheme on its £213 million full buy-in with PIC. This buy-in secured the benefits of 703 pensioners and 967 deferred members and dependants and was the result of several years of complex work to prepare the scheme for buy-in.
Advising the Trustees of the DAC Retirement Benefits Scheme on its £11m scheme buy-in with Aviva. This transaction included a top-up contribution from the Sponsor, secured the benefits of all 15 deferred members and 25 pensioner members and completed the buy-in of all scheme liabilities.
Advised pension scheme trustees on the restructuring of existing longevity risk management arrangements, including the negotiation of bespoke contractual documentation and the implementation of a new transaction structure designed to support a future buy-in.
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.
Our expertise, at your disposal
With over 490 partners and 3000 people around the world, we are well-placed to support you across a full range of legal and advisory services.
Partner
EmailMatthew leads our specialist pensions risk transfer team, advising trustees, sponsors, and insurers on complex transactions. He’s a trusted adviser to ongoing schemes, guiding trustees through the full journey from buy-in to buy-out with deep industry experience of every stage.
Partner
EmailAmie advises trustees and employers on pensions law, specialising in energy and financial services. She is part of the pensions risk transfer team, guiding buy-in transactions and managing buy-out and wind-up processes to minimise residual legal risk.
Partner
EmailSusie advises trustees and employers on all matters relating to their pension arrangements. She has advised the trustees of some of the UK's largest pension schemes. Susie also has significant experience advising trustees and insurers on risk transfer transactions.
Legal Director
EmailStewart is an experienced lawyer who advises employers, trustees, public authorities and insurers on their pension obligations
Partner
EmailDan advises all stakeholders in relation to pension schemes, with a particular focus on advising insurers, trustees and employers in relation to risk transfer transactions. He also has significant experience advising in relation to complex pensions restructuring projects and long-term run-on frameworks.
Partner
EmailAnna is an experienced pensions lawyer who works with trustees, employers and investors in meeting the challenges of running their pension schemes. Her work includes advising on pension scheme de-risking, investments, complex funding arrangements and bulk transfers between schemes.
Partner
EmailRobert is a partner in the pensions & long term savings team who specialises in pensions risk transfer work.
Managing Senior Associate
EmailHelen advises trustees, employers, insurers and pension consultants on all aspects of pensions law, with a focus on risk transfer projects and scheme wind-ups.
Multinational law firm Pinsent Masons has appointed Sarah Derbyshire as General Counsel.
Orbital has built specific workflows for Scottish commercial real estate work, built around Scots Law and Scottish real estate practice
Multinational law firm Pinsent Masons has advised Penta Real Estate on its investment into a landmark £230 million-plus joint venture with Staycity Group and advised the joint venture on the financing arrangements for the development, which will deliver a 350-room Wilde aparthotel in the heart of London's Farringdon district.
Matthew de Ferrars
Partner
