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

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

Lawyer

Mark Catchpole Consultant

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

Latest news & insights

26 Oct 2020

From Insights

Pension fund management services provided to defined benefit schemes not exempt from VAT

The Court of Justice of the European Union (CJEU) has put an end to any suggestion that pension fund management services provided to occupational pension schemes are V..

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22 Oct 2020

From Insights

Employment Tribunal reforms

Following reports that the already stretched Employment Tribunals are facing a surge of new cases as a result of the Covid-19 pandemic, the government has introduced a..

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21 Oct 2020

From Insights

Jobs Support Scheme expansion: What employers need to know

On 9 October 2020, Chancellor Rishi Sunak announced an expansion to the Job Support Scheme (the "Expanded JSS"), commencing on 1 November 2020.

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21 Oct 2020

From Insights

Looking ahead: Proposed changes to the Modern Slavery Act 2015

On 22 September 2020, the government published its response to a public consultation on transparency in supply chains.

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15 Oct 2020

From Insights

Risks of remote working: How much can you monitor your employees?

Considering the Covid-19 pandemic, a shift to working from home has become the new normal for many employers.

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15 Oct 2020

From Insights

Enhanced statutory maternity leave effective 11 December 2020

On 9 October 2020, the Employment (Amendment) Ordinance 2020 (Commencement) Notice was published in the Government Gazette.

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08 Oct 2020

From Insights

SPS Technologies v Moitt provides helpful clarification for future pensions rectification cases

Members of Stephenson Harwood’s pensions litigation team (part of the newly formed EPP practice) have advised the Representative Beneficiary in the latest summary judg..

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05 Oct 2020

From Insights

Pensions snapshot - October 2020

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

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02 Oct 2020

From Insights

Mental health issues are on the rise: what should employers be doing with respect to their employees’ mental health?

On 1 October 2020 the Centre for Mental Health charity published its prediction that up to 10 million people (almost 20% of the population) will need either new or add..

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30 Sep 2020

From Insights

Managing the Covid-19 impact on modern slavery prevention

Amid the turmoil of the coronavirus pandemic, employers have not necessarily been focusing on their responsibilities under the Modern Slavery Act 2015.

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28 Sep 2020

From Insights

Following furlough: Chancellor announces new Job Support Scheme (JSS)

On Thursday 24 September 2020, the Chancellor announced hotly anticipated measures that will be of importance to employers.

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21 Sep 2020

From Insights

Furlough fraud: Reminder to employers to review their position

HMRC recently estimated that furlough grants of up to £3.5 billion may have been fraudulently or mistakenly claimed.

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18 Sep 2020

From Insights

Countdown from lockdown: Where are your employees now?

During lockdown and the months that followed, employees usually based in the UK may have taken the opportunity to work remotely from an overseas location – whether to ..

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04 Sep 2020

From Insights

Media coverage: Under The Pensions Regulator's microscope

With the financial system in flux and pension schemes' funding under the spotlight, many trustees and businesses will find themselves engaging ever more with The Pensi..

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03 Sep 2020

From Insights

Employment Support Scheme Update – Applications open for the second tranche of wage subsidies

The second tranche of the Employment Support Scheme (“ESS”) is underway. Eligible employers and self-employed persons have until 13 September 2020 to apply for this tr..

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03 Sep 2020

From Insights

Pensions snapshot - September 2020

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

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