Advisory: we advised
- A major UK life insurer on the establishment of its commercial master trust including advising on structure, governance and the authorisation application.
- A number of trustees of non-associated multi-employer schemes on the application of the Pension Schemes Act 2017 including on an “existential” master trust authorisation application.
- A number of master trusts in determining their optimum governance structure for initial authorisation. Liaising with the Pensions Regulator on the application of the legislation to various pension arrangements.
- Advising a major UK insurer on a Part VII transfer of policies across multiple master trusts in respect of in excess of a million members.
- A major retailer on the set up of an at retirement drawdown option for members with the Fidelity Master Trust in 2021.
- A US multinational aerospace business on the consolidation of a number of group personal pensions (GPPs) into a single arrangement with a large UK master trust. Our advice covered a wide range of matters, including the harmonisation of DC contribution structures and benefits, grandfathering provisions and member consultation requirements.
- A major business and IT services provider on the merger of two major UK master trusts. Our advice covered a wide range of pensions matters, including member-borne charges, death in service processes and employer balance of powers matters.
- A large Canadian institutional investor on its DC auto-enrolment and DC governance requirements in connection with the establishment of its London branch. We continue to advise on a wide-range of auto-enrolment matters, including for a number of global banking institutions on international postings for employees ordinarily working in the UK.
- Experian on the introduction of DC flexible access options, including the implementation of multiple in-scheme uncrystallised funds pension lump sums (UFPLS).
- Formula 1 racing team on various auto-enrolment obligations in relation to the F1 cost cap which limits the amounts a team can spend each calendar year.
