The pensions group comprises of one partner and two solicitors. The group advises corporate groups, investors and trustees on all aspects of UK pensions law and practice, including: liability and risk in respect defined benefit schemes, funding, investment and regulation of pension schemes, auto-enrolment duties and pensions tax issues.
Duties will include:
- Advising both corporate and trustee clients on the varied issues which arise on their pension schemes, including benefit issues and disputes, pensions governance, investment, funding, regulation, tax and auto-enrolment, including dealing with the Pensions Regulator on funding and other issues;
- Drafting formal scheme documentation to establish, amend or merge pension schemes and to address changes in employers, including flexible apportionment arrangements;
- Drafting employee communications, formal correspondence and preparing minutes and meeting packs;
- Advising on pensions aspects of pension de-risking transactions (buy-outs and buy-ins and longevity risk transactions);
- Advising in relation to establishment and transactions with defined benefit consolidators;
- Working on the pensions aspects of corporate transactions (including public offers and public to private transactions). The proportion of fee earning work for which this aspect accounts is variable but is not normally more than 40% of the work;
- Advising in relation to interventions by the Pensions Regulator, including transactions requiring regulatory approval or clearance;
- Advising insurers and asset managers and other service providers to pension schemes on pensions law and practice; and
- The above would include the day to day management of some matters with suitable supervision from the partner or senior colleague.
- Together with the pensions partner and senior colleagues, keeping the section’s pension precedents up to date; and
- Developing new pension precedents where required.
Education and training
- Contributing to and maintaining the pensions group’s know how; playing a role in the pensions group’s education and training programme, keeping colleagues up to date with developments on pensions.
- Writing e-bulletins on legal developments for clients;
- Assisting with and helping to present seminars to clients and intermediaries; and
- Writing articles for journals.
This job description encompasses the main duties of the role and is by no means exhaustive. It is anticipated that duties may vary from time to time according to the needs of the department.
We want to add lawyers of the highest quality to our team. They need to have strong academics and be confident, be willing to take on responsibility, and wish to further their expertise and their career through a combination of formal training and education, partner and peer support and working for clients.
We are recognised for the quality of our work, and the quality of our people is the key to achieving this – recruitment will only be made if these high standards are met; we will not recruit merely to add to our numbers.
Our commitment to inclusion
At Macfarlanes we understand the importance of an inclusive culture, the continued development of which has been identified as one of our key priorities. Our focus is to foster an inclusive culture throughout the firm, from entry level to partnership. It is about recruiting, retaining and promoting all groups in the firm fairly, and we are continually reviewing our processes to ensure that everyone has the same chance to develop and advance. An inclusive, forward-thinking culture also enables us to provide innovative solutions to our clients.
We welcome applications from people of all backgrounds, bringing different perspectives and experiences, making Macfarlanes an exciting and stimulating place to work. We seek to recruit the best candidates, regardless of gender, race or ethnicity, background, religion, physical abilities, sexual orientation or any other characteristic.