Managing change, distress and winding up

Restructuring and Insolvency

In any insolvent or distressed situation, a defined benefit pension scheme becomes a very large creditor (often the largest).  Although usually unsecured, the ‘moral hazard’ powers of the Pensions Regulator make it an important party to any restructuring process.


Employers, trustees, insolvency practitioners and creditors need to understand the complex law around pensions and insolvency. ARC Partner Rosalind Connor covers many of these complexities in her Practitioners Guide to Pensions and Corporate Insolvency.

The team at ARC Pensions Law have been advising on restructuring since before the present regime was introduced in 2005, and have since advised on a large number of leading transactions.  We advise on matters including:

  • preparing proposals from the employer to the trustees, the Regulator and the PPF and managing the process effectively
  • advising trustees where the employer is in distressed or insolvent circumstances, dealing with their changing obligations and issues
  • working with lenders to protect their position in distressed circumstances where the PPF or trustees of a pension scheme are involved, and
  • advising insolvency practitioners on the pensions law and practice relating to their appointments.
Why DB pension schemes matter for M&As

Lawyers and other corporate advisers often make the mistake of thinking that M&A activity is all about ‘the deal’. Once the documents are signed, and the money is paid, it’s assumed that everything is completed....

ARC highly commended at the 2017 Financial Times PIPA Awards

ARC Pensions Law has been highly commended at the Financial Times' 18th annual Pension and Investment Provider Awards for it's innovation and growth. The PIPAs recognise excellence among providers of products and services to UK workplace pension schemes....

ARC Pensions Law

is a dedicated, specialist firm of pension lawyers. We focus entirely on workplace pension schemes.

Our vision

is to provide top quality, value-for-money legal services to those responsible for running workplace pension schemes, and thereby to help schemes deliver the promised benefits to members.

Our strategy

is to employ pension lawyers and staff with top-quality experience and enable them to work in a modern way, operating on a bespoke, lean and adaptable platform.

ARC Pensions Law is a dedicated, specialist firm of pension lawyers. We focus entirely on workplace pension schemes.

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