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Services for Trustees

Safe Settlement

Many defined benefit pension schemes are no longer open to accrual and relate to a membership that is no longer connected to the business. They have become decoupled from the corporation and are often simply a liability and creditor, only vaguely connected to employees.  From the point of view of the business, it often makes sense to move towards de-risking and eventual winding up.

 

ARC Pensions Law’s team has deep experience in this area and knows the importance of preparing a scheme for the process.  Our advice covers issues such as:

Preparing for a buy-in:

  • Checking the terms that apply on future events (pension increases, deaths)
  • Advising on remedial action for overpayments and underpayments
  • Checking that administration practice accords with documentation
  • Validating that pensions currently in payment have been correctly calculated
  • Closing ‘Barber windows’
  • Legally formalising administration practices, and
  • Codifying discretions.

Co-ordinating the auction and contract process:

  • Clear analysis of legal entitlements and mismatches with admin practice
  • Identifying the objectives of the parties and the path to buyout
  • Advising on the shape of benefits to insure
  • Specifying benefits in an insurer-friendly format
  • Negotiating annuity contract and supporting documents, and
  • Providing legal advice to ‘sign off’.

Preparing for buyout:

  • GMP equalisation
  • Benefit specification and audit
  • Bulk transfer to a new scheme
  • Bulk annuity purchase if not in place already
  • Statutory employer reconciliation, and
  • Partial termination and demerger.
News
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....

Anna Rogers comments in Pensions Age on trustee advice

While it may initially appear that having too many advisers could cause a bit of a tangled web, it can also be advantageous. Anna Rogers argues that having multiple advisers allows trustees to “choose horses for courses”. For example, she says they could use a specialist firm for......

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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