Advising the trustee of the £38bn BT Pension Scheme negotiate its 2014 actuarial valuation with British Telecommunications.
Once described by Chambers & Partners as 'an old head on young shoulders', Edward Brown is a partner in our pension team. Hogan Lovells (previously Lovells) born and bred, Edward trained at the firm, qualified in 2005, and became a partner on 1 January 2013. Edward has helped clients structure and manage liability management exercises (like PIEs and ETVs), make benefit changes to their schemes and negotiate actuarial valuations. Clients have appreciated Edward's advice when schemes are under investigation by the Pensions Regulator, or navigating their way into the Pension Protection Fund.
Edward has particular in-depth knowledge in longevity transactions for pension schemes, and works with our insurance practice to provide a holistic service to clients on the pensions/insurance interface. He has also advised employers on how to manage their pension liabilities on corporate reorganisations, purchases or disposals, or where companies are in financial distress. Edward has experience advising clients with public sector guarantees, and concentrates on pensions for public international organisations. Edward has assisted clients involved in court proceedings including litigation in the English and European courts, and the Pensions Regulator Determinations Panel.
Acting for Tomkins plc in connection with the merger of five pension schemes within its corporate group and subsequent document consolidation and re-write.
Advising the lenders to a group in financial difficulty on implementing a s.75 debt compromise and the scheme's entry into the Pension Protection Fund.
Advising ITV plc on various liability management exercises including a PIE and ETV.
Advising the trustees of the Audit Commission Pension Scheme in documenting and negotiating with the Government a bespoke guarantee.
Advising a public international organisation on the options for changing its provision of pension benefits.