International pensions

Our international pensions team monitors developments at EU and global levels, to keep you abreast of changes that may ultimately affect pension provision in the UK.

Our lawyers advise on all aspects of global, offshore and cross-border pensions law. The firm is a member of the Ius Laboris global alliance of leading pension, employment and labour law firms that provide expert advice and support on human resources issues relevant to an international workforce.  Through Ius Laboris, we are a Corporate and Supporter member of Pensions Europe.

Members of the firm are also members of the International Pension and Employee Benefits Lawyers Association and we specialise in dealing with plans for globally mobile employees and offshore workers.

With a new EU Pensions Directive aimed at further harmonisation of pension provision around the EU currently undergoing scrutiny by the EU Parliament’s ECON committee, governance and transparency requirements for workplace pensions across Europe are firmly on the agenda.  As part of its review, the EU Commission and EU regulator for pensions and insurance, EIOPA, are also taking a fresh look at funding.

How we can help

  • Setting up and running cross-border schemes and multinational pooling arrangements
  • Advice for trustees and employers on the issues for international pension schemes, as well as ‘section 615’ schemes and offshore schemes, including in the Isle of Man, Jersey and Guernsey
  • Managing the pensions requirements for an internationally mobile workforce, including guidance on taxation and local law requirements and establishing schemes for globally mobile employees
  • Advising on issues relating to EFRBS (or FURBS as they were previously known), including those targeted at globally mobile employees.

Recent experience

  • In collaboration with three other Ius Laboris firms, advising a major insurance company on setting up a pan European pension fund
  • Advising a multinational employer on the setting up of a new trust based international DC pension scheme including the administration and investment arrangements
  • Advising on the winding-up and buying-out of the benefits of a section 615 scheme with a UK insurer
  • Advising on the options for a defined benefit Isle of Man scheme in the context of a corporate restructuring
  • Advising an employer on obligations for providing support to a Guernsey defined benefit pension scheme.