Defined benefit (DB)
DB schemes are still an important part of UK pension arrangements, with more than 5,000 final salary, CARE and cash balance schemes across the UK.
The DB landscape is constantly evolving. The future and sustainability of DB schemes is rarely out of the spotlight, and new criminal and civil sanctions are set to bolster TPR’s powers to regulate.
With employers and trustees having to grapple with increasing financial pressures, new legislation and regulation, there is a risk of being overwhelmed. This is where we come in. Our services are structured around six key areas, which we have identified as priorities for DB employers and trustees:
Our specialist lawyers focus solely on pensions. We have been advising trustees, employers and corporate investors on all aspects of their DB pension arrangements for over 50 years. And, we advise more of the UK’s top 200 pension funds than any other law firm. We advise on all sizes and structures of schemes, and across all industry sectors. We act for both open and closed schemes in the private and public sectors. Our involvement ranges from one-off projects and transactions to year-round scheme management including financing, investment, disputes, tax and employment issues.