Recent years have seen an increased regulatory focus on investment (in the context of integrated risk management for scheme funding), as well as increasing market and Government awareness of the size of pension scheme deficits in an economic climate of falling gilt yields and forecasts of low investment returns.
Trustees and pension fund sponsors are taking an increasingly sophisticated approach to investment. Our clients include the trustees or sponsors of pension funds with over £100 billion of assets, as well as major players in local government infrastructure pooling.
Our pensions investment practice includes market-leading specialists in financial services and markets, derivatives and structured products and investment funds. Our pension scheme clients need a full service law firm, but also one where all the lawyers have an acute awareness of the unique concerns and perspectives of pension scheme trustees, including in relation to risk appetite and governance.
Our team has deep expertise advising pensions investors, but our experience is not confined to that. Our market-leading work for other financial market players (including asset managers) gives us an unrivalled perspective from which to advise our pensions clients. Despite this, we rarely run into conflicts.
We also advise our pension clients on all aspects of risk management, including security and contingent assets, guarantees and funding structures and buy-in and buy-out contracts and longevity transactions.
Our pensions investment specialists advise on the full range of pension investment options, including:
- liability driven investment (LDI) mandates
- investment management agreements (IMAs)
- investment insurance policies
- transition management agreements
- fiduciary management
- funds (regulated and unregulated, long-only, private equity and venture capital, infrastructure, debt, real estate, structured finance, hedge funds and listed funds)
- derivatives and repo
- risk hedging
- custody arrangements
- clearing and collateral management
- structured products and the impact of associated regulation.