Isle of Man • London

Pensions

Simcocks' pension lawyers have the ability, experience and technical expertise to advise corporate clients, pension fund trustees and members on a wide range of contentious and non-contentious issues including:

  •  Establishment
  •  Tax approval
  •  IPA authorisation and contracting out
  •  Scheme mergers, restructuring and winding up (solvent and insolvent)
  •  Scheme deficit and surplus
  •  Corporate sales, acquisition and restructuring
  •  Pension scheme buy outs and buy ins
  •  Executive severance and advice relating to professional advisers and investment management.

Simcocks has considerable experience in providing legal advice on pension benefits in the Isle of Man.

We are advising the trustees of an insolvent Isle of Man occupational pension scheme on its winding up, including in relation to a section 75 Pensions Act 1995 debt, buy out agreements, contracting out, equalization and other issues. We have advised the employer and sponsor of an international pension scheme on claims against the trustees in respect of the administration of the scheme. By way of other examples, we have advised several pensions providers in relation to drafting and updating the rules of their pension schemes, the introduction of an Isle of Man section of a group pension scheme, and administration outsourcing.

Simcocks often works closely with its corporate colleagues on cross-border, complex transactions that will need the input of pension experts as well as those in commercial property and employment.

Simcocks benefits from having pension litigation experience having dealt with all types of pension and trust related claims.

Some of our lawyers are members of the Pensions Management Institute and the Chartered Insurance Institute.

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