Mark is a leading adviser to UK pension schemes, providers and sponsoring employers. He advises schemes of all shapes and sizes including a number of market-leading multi-billion pound trusts.

Mark's experience

  • 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 on key considerations to guide the development of the TPR’s Climate Change and Sustainability Strategy, taking into account UK’s Green Finance Strategy (GFS), TPR’s Corporate Plan (2023 to 2024) and existing Climate Change Strategy, the Financial Conduct Authority’s (FCA) and Bank of England’s strategic response to climate and sustainability.

  • Led our DC master trust team supporting numerous trusts through their submissions under the Pensions Regulator's authorisation regime

  • Led our team advising a household name employer's scheme on a series of changes including closure to accrual, strengthened funding arrangements, restructuring of their investment portfolio, appointment of a fiduciary manager and connected enhancements to their governance structures

  • Supported a multi-billion pound DC master trust through a series of critical changes including creation of a decumulation hand-off vehicle, a process for deferred member transfers, strategic enhancements to trustee governance and compliance with the Pensions Regulator's authorisation regime

  • Led our advice to a c.£6bn pension scheme on restructuring its investment portfolio as part of a complex scheme de-merger resulting from an IPO of one of the sponsoring employers

  • Led our team advising on a scheme merger for a large multinational, successfully achieved against a hard deadline driven by a major IPO of the sponsoring employer

Credentials

  • 2001
    Qualified - England and Wales
  • 1999
    University of Nottingham - BA
  • 1999
    Joined Pinsent Masons
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Out-Law / Insight by Mark Baker

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