Employment, pensions and incentives
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Employment, pensions and incentives

Our employment, pensions and incentives group is a multidisciplinary team, able to advise on both litigation and advisory matters. For over 30 years we have provided a "full service" legal and support function to our clients.
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Known for our clear and commercial advice that reflects market practice, we have a wealth of experience and are valued for our sensible approach.

Employment

We design and roll out HR policies, review executive pay, co-ordinate employment cost-cutting exercises and advise on contentious employment issues.

Pensions

We advise both pension scheme trustees and sponsors on legal issues they face when operating a pension scheme and provide not only standalone advisory, pensions-related dispute resolution and corporate transactional support.

Employee incentives

Our team are experts at designing bespoke remuneration structures to suit clients' specific objectives.

With over 40 lawyers covering key jurisdictions in Europe, Middle East and Asia, we’re perfectly placed to offer an integrated cross-border approach to employment, pensions and employee incentives.

The team provides a 'combination of insightful, informed analysis and a commercial focus of efficient solutions'. 
Chambers UK 2018

Employment

LIBOR and FX Spot Manipulation allegations 

Advised financial institutions and high net worth individuals involved in LIBOR and FX Spot Manipulation allegations on complex issues of legal privilege, whistleblowing and employee incentives, including successfully litigating on these issues.

Long standing international banking client

Advised on the drafting of a complex remuneration package for a senior hire (including shares, deferred performance bonds, cash bonus buy-out payments and first year guarantees).  As a Level 1 PRA-regulated firm the package had to comply with the bank's regulatory obligations including forfeiture and claw back. 

Lachlan Forbes v Parker Drilling Inc. & ITS Ltd

Successfully defended a claim for unfair dismissal and breach of contract which involved complex jurisdictional questions (Cyprus, Scotland, England).


Pensions

Trustees of the Barnardo Staff Pension Scheme, Construction of RPI

Advised the trustees on a claim for construction of the definition of "Retail Prices Index" in the scheme rules (Miles Buckinghamshire and others v Barnardo's and others [2015]).

Board of the Pension Protection Fund ("PPF"), Dispute on Compensation

Represented the PPF in an ongoing dispute, effectively seeking to challenge the scope of PPF compensation (Grenville Holden Hampshire v The Board of the Pension Protection Fund [2014]).

Pension fund claim against global fund manager

Advised the trustee board of a multi-billion pound pension fund in relation to a multi-million pound claim against one of the world's largest fund managers for negligence and breach of investment mandate.

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.


Employee incentives

incadea plc

Advised on the first maturity of awards granted under a long term incentive plan and in relation to the impact of a takeover offer on outstanding awards. 

Financial services  

Advised a number of banks on the technical and practical implications of claw back, in particular in the context of new hires who are seeking to have their existing entitlements "bought out". 

Estate agent 

Advised a well-known family owned estate agent on the introduction of a bespoke share plan to incentivise key employees, with a tailored exit strategy to enable award holders to realise value. 
Lawyer

Mark Catchpole Partner

T:  +44 20 7809 2059
M:  +44 7767 624 975 Email Mark | Vcard Office:  London

Lawyer

Jezamine Fewins Partner

T:  +852 2533 2877
M:  +852 6083 5525 Email Jezamine | Vcard Office:  Hong Kong

Lawyer

Terence Seah Partner

T:  +65 6602 6605
M:  Email Terence | Vcard Office:  Singapore

Latest news & insights

30 Jul 2020

From Insights

New law to ensure furloughed employees receive statutory redundancy payments based on 100% of their normal pay

On 30th July 2020 the government announced it will be implementing new legislation to ensure that all furloughed employees receive statutory redundancy payments at 100..

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30 Jul 2020

From Insights

COVID-19 update: Looking beyond lockdown

As lockdown is eased, there are several COVID-19 related areas that employers should have on their radar.

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24 Jul 2020

From Insights

Amendments to Statutory Maternity Leave

The Legislative Council has recently passed the Employment (Amendment) Bill 2019 which, amongst other measures, amends various provisions in respect of statutory entit..

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21 Jul 2020

From News

Stephenson Harwood advises on £200 million buy-in transaction

Law firm Stephenson Harwood LLP has advised a Trustee client on the completion of a £200 million buy-in of pension scheme liabilities with one of the leading insurers ..

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17 Jul 2020

From Insights

COVID-19 update: Contractual notice periods are covered by the furlough scheme

On 17 July 2020 HMRC updated its guidance to clarify a point on notice periods during furlough, which had been causing some concern.

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16 Jul 2020

From Insights

Survey of Employment Tribunal Applications

The Department for Business, Energy and Industrial Strategy has published the results of the seventh Survey of Employment Tribunal Applications

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16 Jul 2020

From Insights

Court of Appeal judgment closes the door on retrospective closure of the Barber window (except in very limited circumstances)

The Court of Appeal has handed down its judgment in the case of Safeway v Newton which confirms that the introduction of section 62 of the Pensions Act 1995 was suffic..

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10 Jul 2020

From Insights

Furlough bonus and kickstart schemes – what do the government’s latest measures mean for employers?

On Wednesday 8 July 2020, the Chancellor announced a number of measures designed to assist the economy as a result of the pandemic. Read about some of the key points t..

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09 Jul 2020

From Insights

Racial equality in the workplace – considerations for employers

With the recent focus on the Black Lives Matter movement and the global rallies, protests and social media campaigns placing a spotlight on racism, it’s crucial that e..

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07 Jul 2020

From Insights

Pensions snapshot - July 2020

This edition of snapshot looks at the latest legal developments in pensions.

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01 Jul 2020

From Insights

Enterprise Management Incentives share options: EMI option holders on furlough, unpaid leave or reduced hours due to COVID-19 will not lose tax relief

On 26 June 2020, the government published further amendments and new clauses to the Finance Bill 2020, and there is good news for the holders of EMI share options gran..

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30 Jun 2020

From Insights

Updates to the discrimination laws in Hong Kong

The Discrimination Legislation (Miscellaneous Amendments) Ordinance 2020 came into force on 19 June 2020.

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17 Jun 2020

From Insights

New fears for the position of pension schemes on a corporate insolvency

The Corporate Insolvency and Governance Bill (the "Bill") was published on 20 May 2020. The Bill introduces a new type of ‘moratorium’ whereby eligible companies can t..

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17 Jun 2020

From Insights

Latest updates to the Coronavirus Job Retention Scheme

Read our summary of the key points employers need to know.

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15 Jun 2020

From Insights

Furlough fraud: Key points for employers

HMRC will have the power to recover payments made under the Coronavirus Job Retention Scheme (the “Scheme”) and to impose penalties, under draft legislation which has ..

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12 Jun 2020

From Insights

Redundancy: An employer’s guide webcast

In this webcast, partner Paul Reeves and associate Natalie Edwards take employers through the basics of a fair redundancy exercise.

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© Stephenson Harwood LLP 2016. Any reference to Stephenson Harwood in this document means Stephenson Harwood LLP and/or its affiliated undertakings. Any reference to a partner is used to refer to a member of Stephenson Harwood LLP.