Advise the trustees of the Honda UK Pension Plan on all legal matters, including drafting complex deeds, assisting with financing negotiations, reviewing investment management contracts and advising on governance matters. If this is the case, our pension dispute resolution team, made up of litigators and non-litigants, is available. Litigation is factual in nature and therefore requires tailored solutions that take into account commercial and financial constraints as well as the potential for reputational damage to a company, pension plan or advisor. We work with clients to handle complaints and guide them through mediation, litigation or regulatory processes as required. In addition to the resources provided by PensionHelp America, government agencies and the resources listed below can help people struggling with pension-related issues. What sets us apart from many of our competitors is that we are not just acting on the employer side or on the employee side. Our unbiased perspective, the breadth of our clients and the fact that we do not have a public position to defend make us best placed to provide effective retirement advice to all clients. We advised on a block transfer on the transfer of their defined contribution plan to a master trust to reduce administrative costs for pension plans and improve system governance. We also informed the employer of the changes to the self-registration requirements as of April 2019 and what needs to be done to ensure they remain compliant. A very large employer client was part of the first wave of automatic enrolment requirements. He had a corporate culture that didn`t want to move completely away from defined benefit pension provision for employees entering the new plan, most of whom were retiring for the first time. One of the sponsoring employers of our pension fund clients had a parent company that wanted to give it £300 million worth of shares.
However, these actions were associated with liabilities that would have exposed the rest of the pension fund to the risk of claims. A distant risk, but not a risk a trustee could take. The trustees wanted the assets in the fund, but not the risk. If you identify and resolve retirement issues early, you can save your business and retirement savings a lot of time and money. We help you manage your business and retirement savings risk and avoid disruptive claims or litigation. Pension plans contain large amounts of member data, much of which is sensitive or financial. As legal data protection obligations increase and the threat of cyberattacks increases, we help our clients navigate the legal and practical minefield. Working closely with our data protection specialists, we help our clients ensure compliance with the General Data Protection Regulation (GDPR), protect against data loss, and respond appropriately to data breaches. Our pension lawyers regularly provide tailored training to trustees and hold seminars in our Bristol and London offices, as well as in Northern Ireland. With an in-depth knowledge of the full range of investment products, we can advise you on any investment offered throughout the life cycle of the pension system.
We also advise service providers on their retirement insurance products and sponsors on planned investments. Our job is to guide you through your chosen investment and the legal complexities of financial securities law and applicable pension regulations. Pension Regulatory Authority`s Guide for Employers on EI and DC Contributions for Terminated Workers Our pension lawyers advised an international medical equipment supplier. These were proposals to change the structure of the utility design. It moved from indexing the RPI to the CPI as the basis for increasing participants` pensions. In the past, the fact that the CPI was considerably lower than the RPI means that switching to the CPI results in significant material cost savings for a system. In this case, the savings were assumed to be around £4 million per annum. This, together with a flexible pension offer to members, has put the pension fund on the path to a full insurance buyback in the coming years. We have provided advice on all organizational aspects of these proposals. These included the legal framework for the implementation of an indexation change as well as detailed advice to the Group`s CFO on his adversarial position as company director and trustee of the pension fund. Pension and benefits law is complex and constantly evolving. Actions taken by employers, trustees, plan administrators and their service providers are subject to regulatory scrutiny and court challenges, and the need for sophisticated and practical pension and benefits advice has never been greater.
“Squire Patton Boggs partners and employees have always provided customer-focused, meticulous and cost-effective service. In day-to-day business, advice is comprehensive but pragmatic. In complex cases, the company`s technical resources were not challenged and relied on the company`s expertise when needed. Squire Patton Boggs` support of the fund has been impeccable and much appreciated. – David Welch, President, Trustees, Tennants Consolidated Limited Pension Fund Your company`s retirement savings are one of your employees` most valuable assets. It is also one of the most complex and regulated. Our pension lawyers can help you manage your company`s pension plans, regardless of their nature. This keeps you and your business compliant and helps you avoid costly litigation or litigation. Retirement provision is our business. We have been advising on pensions for over 25 years and work for over 500 pension schemes with a total value of over £300 billion.
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