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Regulatory and transactions

Our pensions lawyers are market leading experts on regulatory issues and provide expert advice to help assess and mitigate regulatory risk including on transactions involving DB schemes.

Our regulatory and transactions pensions lawyers have first in class experience advising on pensions regulatory matters of all sizes, and for both defined benefit and defined contribution schemes.

Led by experts in their field, our team has earned strong recognition for making a real difference for our clients.

We provide comprehensive legal advice, working closely with pension trustees and scheme sponsors to navigate complex regulatory frameworks. Our in-depth understanding of the Pensions Regulator’s expanding scope, and extensive client experience enables us to offer unmatched expertise in regulatory matters.

Our team supports clients through successful clearance applications (including for Clara and similar buyout alternatives), debt compromise agreements, and regulatory investigations, ensuring compliance while managing risk.

We are equally dedicated to delivering commercially focussed, pragmatic advice that secures successful outcomes in mergers, acquisitions, and restructurings. With a proven track record, we help clients achieve regulatory and transactional success.

At Burges Salmon, our Regulatory and Transactions services team provides expert advice and support on complex pensions regulatory matters, including the following: 

Services

Scheme funding negotiations

We advise on scheme funding negotiations, ensuring compliance with scheme-specific funding regimes.

Anti-avoidance powers

We assist in relation to moral hazard issues, understanding and mitigating anti-avoidance powers being exercised by the Pensions Regulator.

Solvency issues

We provide guidance on solvency issues, including managed PPF entry via regulated apportionment arrangements and PPF compromises of scheme deficits.

Regulatory investigations

We support clients in regulatory investigations, offering practical advice to manage risks and ensure compliance.

Corporate activity

We help DB scheme sponsors and trustees manage regulatory and compliance risk (including in relation to the Pensions Schemes Act 2021).

Examples of our work

Silentnight

Advising on the substantial regulatory matter involving Silentnight, supporting the client through the Pensions Regulator investigation.

Church Mission Society

Advising on a first of kind Clara transaction for the Church Mission Society, with a connected covenant alternative to buy out.

McDonalds

Providing DC regulatory expertise including in relation to the McDonalds matter and over 40 DC ombudsman appeals in one year.

Coats Group

Providing strategic advice to the trustees of a scheme within the Coats Group during the leading regulatory investigation for the imposition of a financial support direction.

Desmonds Scheme

Advising the Desmonds Scheme on the first ever Contribution Notice issued by the Pensions Regulator.

International corporate restructurings

Advising on the pensions aspects, including for Toshiba, Malaysia Airlines, Japan Airlines, and Pioneer and multiple confidential groups.

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What others say

“Great technical expertise combined with commercial awareness and dedication to finding the best outcome for their client. ”

Legal 500, UK 2024

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