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Profile
Services
David has nearly 25 years’ experience advising on pension scheme matters including consolidating trust deeds and rules, funding shortfalls, contingent assets, PPF assessment, complex deeds and enhanced transfer values / other liability management.
David has particular expertise in section 75 debt issues, reorganisations, mergers and restructuring.
Career Highlights
- Devising a structure to allow a poorly funded “’orphan” ‘ scheme to successfully enter the PPF and so better secure members’ benefits
- Negotiating and implementing a package of contingent assets comprising a guarantee and changes over multiple properties, so giving greater security and reducing the PPF levy
- Advice to identify statutory employers and negotiating and implementing flexible apportionment arrangements, thereby facilitating a group re-organisation without any section 75 debt triggered
- Helping scheme trustees reject the employer’s debt compromise proposal and implement a viable recovery plan, including a parent company guarantee
- Merger of group pension schemes, including to successfully release surplus trapped in the transferring scheme
Memberships & Professional Bodies
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16 September 2019Court of Appeal clarifies test for rectification
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