If you’re involved in any way in the pensions market, you’ll be fully aware of how substantial the opportunities are, as well as the risks - all told, there is a lot at stake.
So when it comes to legal support for pensions risk transfer and management, you need the biggest and most experienced in the business. Our lawyers have acted on some of the largest pension risk transfer deals in the UK and US, and have experience across the Irish, Dutch and Canadian markets - advising on bulk annuity, pension risk transfer and longevity deals ranging in size from a few million to multi-billion, and in complexity from market standard to bespoke collateralized structures.
Our substantial team of pensions and insurance lawyers are based in offices around the world, and we’ll pull together that global knowledge to advise you on your pensions de-risking project across multiple jurisdictions. We can help you draft and negotiate contract terms, bulk annuity contracts and definitive purchase agreements, and guide you through hedging arrangements and any security issues involved in collateralized transactions. If you are an insurer, we’ll take you through the due diligence, and help negotiate reinsurance arrangements. If you’re a corporate purchaser, our lawyers will support you on what may be one of your largest transactions ever, and work with the regulators to make sure everything goes smoothly.
There is a reason the biggest companies in the world keep coming back for our help on billion-dollar transactions. Whether you’re entering into the pension risk transfer markets for the first time or developing new and innovative products with existing players, our global team of lawyers will help you get the most out of every deal.
Our lawyers are experienced in all aspects of pension risk transfer and management transactions. Our recent experience includes advising:
- an Irish insurer on the ceding of a proportion of its liabilities under its pension annuity book to an Irish reinsurer
- the trustees of a large DB scheme on the €165 million buy-out of the scheme’s pensioner liabilities through a bulk annuity contract with an Irish insurance company
- the corporate trustee of an Irish DB scheme on the €300 million full insurance buy-out
- the trustees of an Irish DB scheme on a complex €40 million collateralised captive annuity and longevity hedging transaction