Kate Richards T + 44 (0)20 7524 6655
k.richards@nabarro.com
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Pensions overview
Our specialists can provide expert advice on every aspect of pensions
"Responsive, robust and practical" team
Chambers Directory 2012
We have one of the largest and most established stand-alone pensions teams in the UK. Everyone in our team is a pensions specialist and together with colleagues in our employment, banking and finance, restructuring and insolvency, dispute resolution, corporate, regulatory, funds and indirect real estate and investment teams, we can provide expert advice on every aspect of pensions. Our Pensions Law Handbook is now in its 10th edition.
Our existing clients range from the trustees of multi-billion pound occupational schemes, local authorities, contractors and major employers to n-house lawyers and other law firms.
We deliver clear, pragmatic advice with concrete recommendations and provide value for money by managing your expectations throughout a project and identifying key issues early on. Unlike many other pensions teams, we only spend a small proportion of our time supporting our corporate colleagues on transactions. However, we are commercially aware lawyers and understand the high value of, and risks attached to, pensions issues whether we are advising trustees or sponsoring employers. The access to other specialist teams within the firm gives us a depth of knowledge across a wide range of pensions areas, including advising upon complex investment vehicles, outsourcing, contingent assets, and group restructurings.
| Our latest alerts, briefings & reports |
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 Trustees: tell members of abolition of protected rights by 5 May 2012; Automatic enrolment: latest developments; Age discrimination: Court of Appeal decision on cost saving as justification; Bankrupt can be forced to take his pension: High Court; Justification of compulsory retirement age: Supreme Court View full briefing |
Budget 2012: no surprises on pensions;
Abolition of protected rights: going, going, gone; Switch to CPI: two court cases and a new consultation requirement; Contribution Notices: Regulator's powers clarified; Equalisation of benefits: Deed of Intention sufficient to change rules View full briefing |
Protected rights are to be abolished from 6 April 2012. From that date no new protected rights will accrue, active members contracting-out on a protected rights basis will automatically be contracted back in to S2P and the existing statutory restrictions on protected rights will fall away. View full briefing |
PPF levy 2012/13: don't miss the deadlines; Automatic enrolment: an update; Financial support direction: ITV joint venture; Reduction in Lifetime Allowance: HMRC note on fixed protection; Finance Bill 2012: Asset-backed pension contributions; High Court orders judgment debtor to take his pension lump sum to pay creditors View full briefing |
PPF contingent assets: certification of group company guarantees; Employer debt: flexible apportionment arrangements may assist with corporate reorganisations; Making transfers easier: DWP consults on small pots; Pension unlocking scheme ruled unlawful; Hybrid schemes: treatment of money purchase benefits on winding-up; Automatic enrolment: consultation on increasing earnings threshold; GMP equalisation: consultation on methodology issued View full briefing |
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| Our Clarity Guides |
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Welcome to our fourth Nabarro Clarity Guide. From 6 April 2012, pension schemes will no longer be able to contract out on a “Protected Rights” basis; no new protected rights will accrue, and the existing statutory restrictions on protected rights will fall away – although this change is not overriding. Contracting-out certificates issued to schemes on a protected rights basis will cease to have effect and all legislative references to contracting out on a money purchase basis will disappear. This Guide sets out checklists of the practical issues that employers, trustees and members should consider following the abolition of protected rights. View full briefing |
Welcome to our third Nabarro Clarity Guide. Trustees are prohibited from making ‘day to day’ investment decisions unless they are appropriately authorised. Few Trustees are, so in practice, most Trustees delegate their investment decisions to an authorised fund manager. This Guide looks at the main terms of investment management agreements and highlights the key legal issues for Trustees when negotiating them. View full briefing |
Welcome to our second Nabarro Clarity Guide. This Guide looks separately at what questions Employers and Trustees should consider and what issues are likely to arise when an Employer proposes changing a scheme’s benefit structure – in particular, if the proposal relates to ceasing or reducing the rate of future accrual. View full briefing |
Welcome to our first Nabarro Clarity Guide. This is a quarterly series, which will cover important areas of law and practice for occupational pension schemes. Our intention is for you to ‘pull out and keep’ the Guides for future reference. Our first Guide looks at those pensions cases that have stood the test of time and are still relevant today. View full Guide |
