Pensions trustees

Blake Morgan's Pensions team provides an independent professional trusteeship service for pension and benefit schemes

Main areas of practice

Our experienced team provides trusteeship services for a variety of Pensions schemes, acting as either sole trustee or alongside others. Appointing a professional independent  trustee could be of real benefit for a number of reasons, including:

  • Improved governance – ensuring that all key issues are addressed and monitored.
  • Reassurance – for scheme members in the face of the current uncertainties and concerns; for other "lay" trustees, faced with increasing complexity and greater demands.
  • Solving or avoiding conflicts of interest – principally for company executives who are also trustees of defined benefit schemes most of which still have significant funding shortfalls.
  • Experience and knowledge – to help the other trustees to understand the key issues and what they need to consider and focus on, and to bring the experience from similar situations to the trustee group.
  • Efficiency and value for money – how best to make use of the scheme’s advisors and administrators; and exploring ways in which the other trustees may be able to reduce the time that they would otherwise have to devote to their role.
  • Coping with legislative change and regulatory demands – pensions law and regulation continue to evolve with continued pressure on governance.
  • Better use of resources - as a company’s priorities for its pension scheme change, perhaps following the closure of a defined benefit arrangement, limited company resources can be devoted to other, ongoing business issues.
  • Continuity and simplification – some trustee groups have frequent changes of personnel, whether through corporate reorganisations or changes to member representatives. An independent trustee can provide some continuity, which can in turn simplify the ongoing governance and management of the scheme.

Significant experience

Blake Morgan's Pensions team has a wealth of experience acting as professional trustee's for a wide range of companies and organisations. We provide:

  • A multi disciplinary team - supported by the resources of a substantial, multi-practice law firm. The trusteeship team, supported by the Pensions team, has a wealth of experience and expertise, gained throughout the pensions industry, with experience of working with actuaries, lawyers, auditors, investment managers and administrators as well as pensions regulators.
  • Relevant experience and expertise on all key issues affecting schemes – funding, investment, employer covenant, administration, regulatory requirements, etc.
  • A partnership approach to our work with other trustees, the employers and pension scheme members.
  • Pragmatic, commercial approach - tailoring what we do to the particular needs of the scheme and other trustees.
  • Focus - on helping the scheme meet its objectives, through a proactive approach to our role and to the importance of clear and timely communication with scheme members, employers, advisors and delegates.

Related expertise

Main contacts

Related Knowledge & Resources

Olswang Partner joins Pensions team at Blake Morgan

Press Release

The Pensions Team at leading law firm Blake Morgan has been strengthened with the appointment of Partner Ron Burgess.

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Senior lawyer returns to Blake Morgan as Pensions team grow

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Pensions law specialist Rupert Graham-Evans is re-joining colleagues at law firm Blake Morgan after five years away.

The view of the Pension Regulator's views on auto enrolment

A look at the Pension Regulator's view on auto enrolment and how it will affect them.

Member communications and the need for employers to provide key pensions information brought into focus in a recent determination by the Pensions Ombudsman.

A recent determination by the Pensions Ombudsman against the Police and Crime Commissioner of South Wales and pension administrator Capita has brought member communication obligations into sharper focus.

A recent court decision involving the use of section 48 of the Administration of Justice Act 1985 may pave the way to an alternative approach to defective scheme documentation in appropriate cases.

In a reported case involving the BCA Pension Plan, the court has ordered that its trustees can administer the scheme as if certain words from a previous pension increase rule had not been accidentally omitted during a rule consolidation exercise.

Industry group publishes revised code of practice for on incentive exercises. Employers and trustees should consider the code very carefully in any exercise.

A revised and updated code of good practice has just been issued by the industry group, the Incentive Exercises Monitoring Board.