The investment of pension scheme assets is one of the key duties of scheme trustees and involves an increasingly complex array of options.
Trustees need legal advice and support at all stages of the investment process, from the preparation of a statement of investment principles to the detailed terms of a derivatives contract; taking in such issues as corporate governance and ethical investment along the way.
We advise local government pension schemes, defined benefit pension schemes and defined contribution pension schemes. Our clients are from a broad variety of sectors, including financial services, petrochemicals and logistics.
We've found that the provision of comprehensive legal advice on investment issues requires a blend of legal skills that goes beyond pure pensions law. Our Pensions Investment team combines the skills and experience of specialists in several complementary fields, namely pensions, capital markets and banking.
Recent projects include advising on several buy-ins and buyouts of scheme liabilities, investment management agreements, global custody agreements, transition and fiduciary management agreements and advising on swaps, derivatives and other hedging arrangements.
Our mix of experience gives us an extra perspective and depth of understanding which is reflected in the range and quality of the advice we give.