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Legal Notices

Legal and regulatory information

ARC Pensions Law LLP (“ARC”) is a limited liability partnership registered in England and Wales with registered number OC398641. The affiliated independent trustee company, Pensions Legacy Trustees Limited (“PLTL”), is a private limited company registered in England and Wales, with registered number 09470552. ARC and PLTL are each separately authorised and regulated by the Solicitors Regulation Authority. (“SRA”). The SRA Handbook 2011 sets out our professional and ethical rules and obligations (including the SRA Code of Conduct and SRA Accounts Rules), and can be viewed at www.sra.org.uk.

Information for our clients

We have set out below some additional information which we are obliged to provide to clients (as provided for in our standard Terms of Business). If you are a client of either ARC or PLTL and would like to receive the current Terms of Business and/or any other information in hard copy, please contact the Partner/Director responsible for our work with you.

Please note that if you are a client of PLTL you are asked to provide your consent to share information with ARC in our Terms of Business.

Professional indemnity insurance

In accordance with the disclosure requirements of the Provision of Services Regulations 2009, the professional indemnity insurer for both ARC and PLTL is Travelers Insurance Co Ltd.

Financial Services and Markets Act 2000

Some investment-related activities (including insurance mediation activities) are regulated under the Financial Services and Markets Act 2000 of the United Kingdom (“FSMA”).

Like most law firms or independent trustee companies, neither ARC nor PLTL are authorised by the Financial Conduct Authority (the “FCA”) under FSMA.

Instead, each entity is authorised and regulated by the SRA. The Law Society is a designated professional body for the purposes of FSMA, but responsibility for regulation and complaints handling has been separated from the Law Society’s representative functions. The SRA is the independent regulatory body of the Law Society and the Legal Ombudsman deals with complaints about lawyers registered in England and Wales. In the light of this, we can provide investment-related services (including insurance mediation activities) if they are an incidental part of the professional services we have been engaged to provide through ARC or PLTL, if they can reasonably be regarded as a necessary part of our professional services or if we are otherwise permitted to provide them under FSMA. For the purpose of insurance mediation activities (broadly, advising on, selling and the administration of insurance contracts), we are included on a register maintained by the FCA and are permitted by the FCA to carry on insurance mediation activities. This register can be accessed via the FCA website at www.fca.org.uk/register.

Anti-money laundering

ARC and PLTL may require clients to provide documents and information concerning the contracting client entity and related persons, entities or affiliates, in order to comply with relevant anti-money laundering laws and regulations. We may be prevented from carrying out your instructions if we are unable to meet our requirements, which often include verifying the identities of your ultimate beneficial owners.

We may be required by law or regulation to report to a governmental or regulatory authority our knowledge and/or suspicion that certain criminal offences have been committed, regardless of whether such an offence has been committed by a client of ours or by a third party. We may not be able to discuss such reports with you because of restrictions imposed by those laws and regulations, and we may have to cease acting for you in those circumstances. You agree that neither ARC nor PLTL will be responsible for any adverse consequences you may suffer as a result of our compliance with such laws and regulations, whether caused by our inactivity or otherwise.

Anti-bribery and corruption

ARC’s and PLTL’s policy is to act at all times in accordance with the highest professional, ethical and business standards, and we expect the same from our clients and their related persons, entities or affiliates. We have a zero tolerance approach to bribery or corruption and you agree not to expect or request any conduct from us that might bring our name into disrepute or compromise our integrity and independence and that you or your related persons, entities or affiliates will refrain from any practices involving bribery or any other corrupt activities.

Client audit requests

If ARC or PLTL are required by any governmental or regulatory body, or by your auditing accountants or any other service provider appointed by you, to produce documents or provide information on any engagement, we shall be entitled to bill you for the work involved (and any disbursements or expenses incurred) at the rates agreed for the relevant matter.

In response to any request to provide information to your auditors, our policy is to comply with the laws and regulations applicable to us and in particular with the guidance from the Law Society of England & Wales.

Managing complaints

ARC and PLTL are committed to delivering an outstanding service to our clients. If you are a client of either entity and are dissatisfied with any element of our service (including about your bill), you should contact the Partner/Director responsible for your matter. They will be happy to discuss the matter with you and, if applicable, initiate our Client Complaints procedures (a copy of which will be sent to you on request). If for any reason we are unable to resolve the issue having invoked our procedures, we will discuss with you the options available at that point to take the matter further.

If you have instructed ARC or and PLTL, you may contact the Legal Ombudsman (PO Box 15870, Birmingham B30 9EB, tel: 0300 555 0333; email: enquiries@legalombudsman.org.uk), which deals with complaints against lawyers registered in England and Wales. The time limit for referral of complaints to the Legal Ombudsman is ordinarily 12 months from our final response to your complaint, and one year from when you realised there was a concern. See www.legalombudsman.org.uk for further information. If the Ombudsman is unable to handle your complaint, the matter may be referred to the SRA. If your complaint is about your bill, you may also apply to the court for an assessment of the bill under Part III of the Solicitors’ Act 1974. If all or part of a bill remains unpaid, we may be entitled to charge interest.

Client Account and Interest

Pursuant to the SRA Accounts Rules, ARC’s and PLTL’s policy is to account to our clients for a sum in lieu of interest on a fair and reasonable basis. Client monies will be deposited in a general client account (an instant access account in which amounts for different clients are pooled) unless we are instructed to create a separate designated account. In any event, it is unlikely that a client will receive as much interest as might have been obtained had the funds been invested by the client itself.

VAT Registration

ARC and PLTL are registered for VAT purposes under number 271430428