Over many years, our large team of experts have helped trustee boards, employers, charities, institutions and public bodies to meet their pensions obligations. Clients include global corporations such as Sherwin-Williams, O-I Group, McGraw-Hill/Standard & Poors, KPMG, GDF Cofely and JLT, and charities such as Barnardo's and the Royal Horticultural Society.
By drawing together a large group of specialists each with a wide range of experience, we are able to develop individual solutions to our clients’ pensions issues. We are based in one location so that we can work together to develop solutions to complex problems.
Whilst we are often involved in cutting-edge pensions law, we are also known for our practical, commercial and plain advice on the day-to-day pension issues. We don’t over-complicate the complicated.
We are experts in setting up, reconstructing and closing down all manner of pension schemes. Our large team is committed to helping you address your current and future pension requirements. Whether you are an employer, trustee or pensions professional, our focus is on protecting your pension interests.
"The quality of advice and level of service we have received … in relation to our pension scheme has been outstanding." – Miles Buckinghamshire, Chairman of the Board of Trustees, Barnardo's Pension Scheme.
Stephenson Harwood is rated for its "business acumen and pensions know-how".
The Legal 500 UK 2014
Board of the Pension Protection Fund (PPF), change in levy calculation
Advised in relation to a unique and multi-disciplined project changing the calculation of the PPF levy.
Impact of company sale on pension
Advised the trustee of a multi-national healthcare company on the potential debt arising in relation to its pension plan as a result of a sale and the management/reduction of that debt.
Proposed changes to pension scheme benefit structure
Advising on changes to pension scheme which led to discovering an error in the documentation. We are advising on the consequences, and methods for remedying, that error.
Negotiating a funding agreement
Advised on pioneering work in relation to a significant difference of opinion on the interpretation of a key power, resulting in negotiating a separate funding agreement.
Bulk annuity purchase
Advising the Jardine Lloyd Thompson pension scheme trustees on purchasing a series of bulk annuity policies from the Prudential covering approximately £210 million of liabilities in aggregate.
Advised a leading publishing company on a restructuring to deal with its pensions deficit.
Public sector outsourcing
Advise contractors on the pensions aspects of public sector outsourcing contracts.
Advising trustees on entering into asset backed funding structures (including advice to the trustees of TUI Travel Group pension scheme on the use of brands in this context).
Advising employers on the application of automatic enrolment requirements for staff working both in the UK and abroad.
Responsibility for historic pension liabilities
Advised GDF Cofely on complex pensions issues arising from a business purchase, including extracting it from the group-wide pension arrangements.