Sean McNulty Senior Associate
Sean is a Senior Associate who has specialised Pensions Law for ten years, based in our London office.
Main area of practice
Sean provides advice on the full range of pensions law issues to trustees of occupational pension schemes, employers and providers of small self-administered schemes and self-invested personal pension plans. He drafts and reviews the full range of pensions documentation and provides pensions law advice on tax issues, corporate transactions, lending to pension schemes and offshore pension arrangements. Sean provides real-world advice on pensions law issues.
Sean works for trustees, employers, providers and banks as and when they need support and on stand-alone projects.
- Advice to the Italian parent of a non-trading UK subsidiary in relation to a UK defined benefit pension scheme.
- Advice on scheme closure and de-risking exercises to pension scheme trustees and employers.
- Advice to pension scheme trustees about investments into direct lending funds in Luxembourg.
- Advice on securing pension scheme liabilities with an insurer.
- On-going legal support to a provider of over one thousand small self-administered schemes and self-invested personal pension plans.
- On-going legal support to a provider of over one hundred offshore executive pension plans.
- Advice to an insurer on pensions policy documentation.
- Advice in relation to transfers of benefits from a UK pension scheme to overseas pension arrangements.
- Advice on pensions issues in a wide variety of UK and international corporate transactions.
Articles by Sean
As many employers will know, on 6 April 2018, and then again on 6 April 2019, the minimum contributions to a pension scheme for the purposes of the automatic enrolment regime will increase.
The headline measure is to place a 25% tax charge on a QROPS transfer, where a member asks for a transfer on or after 9 March this year.
A key task for pension schemes is to take proper care of the information they hold about members. From time to time, trustees of pension schemes are faced with specific situations where they need to do this in a way which satisfies data protection law.
Related Knowledge & Resources
What should you consider when paying out life assurance benefits – and what are the implications if you get it wrong? Adrian Lamb, Legal Director in our Pensions and Benefits team considers the issues involved for employers and trustees.
A lot of employers are being advised to consider unregistered group life schemes for their staff for the provision of lump sum death in service benefits.
Following its Green Paper on Security and Sustainability in Defined Benefit Pension Schemes in February last year the DWP has now published its white paper under the above heading.