Pensions

Reducing risks, controlling costs and generating savings for our clients are fundamental to what we do.

Whether you’re seeking to comply with discrimination legislation, governance standards, undertaking M&A or restructuring your scheme we offer pragmatic, robust and clear pensions advice.

Our comprehensive range of services for employers and trustees is provided with a focus on meeting your commercial objectives and fiduciary obligations:

  • Schemes: DB, DC, CARE, EFRBs, Hybrid, Master Trusts, QROPS, SIPPs, SSASs
  • Corporate transactions: due diligence, pensions warranties and agreements, clearance applications
  • Discrimination: equalisation in documentation, legislative advice, benefits for same sex couples and family leave impact
  • Documentation: all your documentation needs in plain English from deeds and rules to trusts
  • Funding: documenting arrangements, contingent assets, de-risking, buy-outs and buy-ins, risk insurance, administration and investment management agreements
  • GDPR guidance for pension scheme Trustees
  • Governance: legal and regulatory compliance, employer and trustee powers and duties
  • Litigation: contentious proceedings, pension scheme claims, professional negligence claims and mediations, Pensions and Financial Ombudsman complaints
  • Pensions Protection Fund: PPF entry and levy reduction
  • Restructuring: group re-organisations, closure to accrual, merging schemes, winding up, transfers, CARE sections, section 75 debt issues, clearance applications
  • Unions pensions: specialist unions pensions advisory services

Experience

Ranging from employers, trustees, insolvency practitioners, pensions professionals and high net worth individuals, we nurture long-lasting relationships with our 200 strong multiple household name client base.

  • ACAL
  • Army & Navy Club
  • Canon
  • Chiltern Group
  • Cluttons
  • Continental
  • Fiat Chrysler
  • Fidelity
  • Football Association
  • Grundfos Pumps
  • Hitachi
  • Hochtief
  • Institute of Directors
  • Jockey Club
  • Kentucky Fried Chicken
  • Langford Lodge
  • Leprosy Mission
  • Linde Hydraulics
  • Mitsui
  • Olivetti
  • Ryanair
  • Singapore Airlines
  • Standard Group
  • State Bank of India
  • Vodafone
  • Wilson Feeds

Case studies

We are the sole legal advisers on the ground-breaking British Steel consultation building a coordinated response to unify parties, protect jobs and employee pensions. We have produced technical advice on the implications of the Scheme’s potential entry into the PPF, drafted a response to the Government’s consultation to amend section 67 of the Pensions Act 1995, engaged with representatives of Tata in negotiations on the proposed Regulated Apportionment Arrangement and advised on the potential structure of the post-RAA replacement scheme.


We provide ongoing legal advice to the Trustee of the Kentucky Fried Chicken Scheme and recently advised on putting in place a contingent asset guarantee.


Pitmans is drafting new consolidated rules for the Football Association Scheme which has a closed defined benefits section and open money purchase section, and which is further sub-divided into a number of membership tranches. In addition, as the Scheme has a number of high earning members, we advised the Trustees on the practical implications of the tapered reduction of the annual allowance, following which we drafted a deed of amendment to take account of the change which included the introduction of a new membership category.


We advised the sponsoring employer Singapore Airlines on the proposal to close the scheme to further benefit accrual. We assisted with the consultation and presentation material, responsed to members’ queries and drafted and negotiated deeds of amendment, together with incidental advice concerning the payment of contributions to the replacement scheme by salary sacrifice.


More

“The Trustees have benefited from clear, straightforward advice presented in an easy to digest format.”

Katie Balderson, Estate Secretary, The Portman Estate

“We are very pleased with the dedication, responsiveness and quality of guidance provided by Pitmans. Our matters seem to get more complicated over time and Pitmans continues to provide us with the timely and comprehensive legal support that we require.”

Jackie Williams, Financial Controller, Harman

“David Hosford is flexible in approach and listens to our concerns before constructing an opinion or giving advice.”

Bob Tyler, Managing Director, Rhodia Limited

“Pitmans has always given measured and very useful legal advice particular in the areas of Trustee structure, recovery plans and retirement age issues.”

Bob Tyler, Managing Director, Rhodia Limited

“My experience of working with Pitmans on pensions matters has been a positive one, particularly as they manage to deal with a very complex subject in an easy to understand way.  Everyone I have dealt with has been helpful and patient in ensuring the understanding of all involved in such a complex area of law.”

Pippa Maynard, Company Secretary, Office Team

“Pitmans team is excellent, timely and efficient with high-quality partners who excel. [They] take a pragmatic approach, identify risks and deliver appropriate advice.”