Faith Dickson

Partner

About

Faith has over 20 years’ experience advising pension trustees, employers and corporate investors on all aspects of their DB and DC pension arrangements including scheme change, funding issues and bulk transfers.

She has a particular interest in the sustainability of DB schemes, having lead the Sackers’ team advising the trustees of the Halcrow Pension Scheme on the first ever solvent restructuring of a DB scheme under the existing legislative and regulatory framework.

Faith is a client partner for a number of large DB schemes in the logistics, building services and media sectors. She also advises clients with significant DC arrangements, on benefit design, governance and communications.

As well as advising employers on stand-alone pensions projects, Faith is a member of the Sackers’ team which provides services to other law firms on transactions which need specialist pension input.

Faith also advises on the impact of discrimination law on pensions, on how to change pension terms and on the pensions implications of the Transfer of Undertakings Regulations.

Faith’s recent work includes:

  • Leading the team advising the trustees of the Halcrow Pension Scheme on the first ever solvent restructuring of a DB scheme
  • Advising on transferring benefits from DB, DC and hybrid schemes to new DC arrangements, including master trusts
  • Advising on the allocation of liabilities for calculating s75 debts
  • Advising on DC asset security.

Memberships and Qualifications

Membership of professional bodies:
Association of Pension Lawyers (Elected member of main committee)


Career history

Qualified: 1995, England & Wales

Pensions experience since: 1995

Joined Sackers: 1999

Joined partnership/LLP: 2003

Employers: Allen & Overy (1995-1997)
Ashurst Morris Crisp (1997-1998)
Theodore Goddard (1998-1999)


Academic history

University/College:

Pembroke College, University of Oxford (1987-1990)
Nottingham Polytechnic (1990-1992)

Degree: English Language and Literature


Further Information

Extracurricular interests and activities: 
Cycling, running and cross-country skiing, always outdoors. Bands, films and theatre, mainly (but not exclusively) indoors.


Expertise

Winding up

Corporate activity

Restructuring

HR advisory

GMP equalisation


Latest News & Media

Faith Dickson comments on implementation of GMP equalisation following Lloyds ruling in Professional Pensions

DB consultation: what will a stronger Regulator mean for trustees?

Sackers comments on potential restructuring of UK media group

Sackers comments on pensions as part of equal pay settlement

Faith Dickson comments How will regulation need to change to be fit for the 21st century?

Faith Dickson comments on RAAs: Value protection or moral hazard?

Faith Dickson comments on the increased use of RAAs

Faith Dickson speaks at Westminster and City Conference 2017: Rethinking DB pensions

DB Green Paper: Good arguments for more flexibility in the current system

Flexibility crucial to DB sustainability


Latest Knowledge

Protecting Defined Benefit Pension Schemes – A Stronger Pensions Regulator

Walker v Innospec – Supreme Court judgment

Defined benefit pension schemes: security and sustainability - Sackers' response to DWP consultation

The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2017 - Sackers' response to DWP consultation

Corporate briefing - March 2017

Bulk transfers of DC pensions without member consent - Sackers' response to DWP consultation

Poll findings - DB schemes survey

Poll findings - DC facts, myths and legends

British Steel Pension Scheme - Sackers' response to consultation

DC briefing - March 2016