Dan advises pension scheme trustees, pension scheme sponsors and parties to major corporate transactions on all aspects of pensions law and practice.
He advises the trustees of schemes of all sizes and sponsored by employers in a wide range of sectors. Dan has particular expertise in relation to pensions de-risking transactions, having advised the Trustee of the TRW Pension Scheme on a £2.5bn buy-out and the Trustee of the Greenalls Group Pension and Life Assurance Scheme on a c.£350m buy-out. He is currently advising the trustee of the Nortel Pension Plan in relation to the winding-up of the scheme and settlement of benefit liabilities. In addition to buy-in/buy-out solutions, he has also advised in relation to longevity hedging transactions.
Recent work includes advising the trustees of a number of schemes in distressed scenarios including advising the trustee of the British Steel Pension Scheme in connection with its separation from Tata Steel by operation of a regulated apportionment arrangement and the establishment of the New British Steel Pension Scheme and associated member transfer exercise.
Current ongoing scheme work includes advice to trustees on compliance with GDPR, benefit correction exercises and member disputes.
Dan has significant experience in the negotiation of long term funding and security agreements for defined benefit pension schemes that have pension de-risking as a long term objective.
He is a regular speaker at seminars and is a participant in the bulk annuities and longevity swaps member interest group of the Institute and Faculty of Actuaries. He also participates in the Lawyers in Schools Programme (www.smartlaw.org.uk/lawyers-in-schools)