DB schemes

We act for both trustees and sponsors of a wide range of DB schemes, including final salary, CARE schemes and cash balance schemes.

How we can help

  • Advising on scheme funding and management of the valuation process
  • Input on investment matters, including negotiating investment related documentation and advising trustees on compliance issues
  • Our expertise in good scheme governance can help trustees and sponsors to ensure they have rigorous processes in place to deliver sound, transparent decision making
  • Sackers advises all parties in pension disputes affecting DB schemes
  • Advising on legal matters which may affect the operation of pension schemes such as tax and discrimination
  • Preparing and keeping up to date all types of pension scheme documentation – from trust deed and rules and scheme handbooks to member communications meeting disclosure requirements
  • Advising clients on making changes to benefit provisions in response to changing economic circumstances or following corporate activity and the best way in which to document these changes.

Recent experience

  • We act for more of the top 100 schemes by value than any other law firm, over a wide variety of business sectors, including the scheme trustees of the DHL, National Grid and Lloyds Bank pension plans, as well as corporate clients
  • Advice to the trustee of the Siemens Benefit Scheme on an asset-backed funding structure involving cross-border intra-group loan obligations with a nominal value in excess of £300 million
  • Advice to the Lloyds TSB pension scheme on disposal of securitised assets
  • Advice to Royal Mail trustees in relation to transfer of assets to Government.

See Who we advise for more information about our clients.