Pensions

Representative experience

Cardano, a London-based pensions risk and investment management specialist, in relation to its acquisition of the NOW:Pensions group from ATP (Denmark's largest pensions provider).

Evonik Pension Scheme Trustee Limited on a merger of four pension schemes and the associated entry into a £544m bulk purchase annuity contract with Legal & General Assurance Society Limited.

Laboratory Corporation of America on its US$595m acquisition of Envigo’s nonclinical contract research services business.

Rolls-Royce on a £12bn four scheme merger, a demerger of defined contribution benefits and benefit changes which boosted retirement benefits for 86,000 UK workers and pensioners.

RPC Containers Pension Trustees Ltd on the impact of Apollo's bid on the covenant of the pension scheme and subsequent bid from Berry.

The Former Registered Dock Workers Pension Fund on the winding up of the Fund, arranging for nearly 10,000 members to be issued with individual insurance policies to cover their pension benefits.

The Pension Protection Fund in highly complex judicial review proceedings, central to its function of protecting pensioners and on implementing two European court cases – Hampshire and Bauer.

The Trustee of Kodak Pension Plan on the settlement of its US$2.8bn claim against Eastman Kodak, involving two ground breaking solutions for which the team won numerous awards.

The Trustee of the Old British Steel Pension Scheme on the largest “all risks” bulk annuity transaction of 2020.

The Trustees of Centrica’s defined benefit pension schemes on the US$3.625bn disposal of Direct Energy, including advice on structuring and implementing appropriate alternative security arrangements.

The Trustees of the AA Pension Scheme on the £219m sale of AA Plc to Warburg Pincus International and TowerBrook Capital Partners, including on the Trustees’ engagement with the Pensions Regulator.

Towers Watson on the establishment of LifeSight, its defined contribution multi-employer Master Trust.