Pension Risk Group

The introduction of a revised regulatory funding framework will mean that most private sector defined benefit schemes will be required to name a long-term objective, whether that is run-off (paying benefits as they fall due over time), buying benefits out with an insurer, or transferring the scheme to a DB superfund or consolidator vehicle.

How can we help?

The Allen & Overy Pension Risk group brings together experts across a range of specialisms to help schemes and sponsors achieve the best outcomes in all aspects of pension scheme design, funding, investment and derisking. We have experience in designing solutions at every stage of a scheme's lifecycle and throughout the transition to buyout and eventual winding up.

Use the links below to find out more about the issues that are relevant for you.

We have a long track record of advising on market-leading transactions and innovations including:

• trust-based escrow structures and asset-backed funding arrangements to improve scheme security while mitigating the risk of overfunding
• long-term parental guarantees linked to dynamic funding and strategy agreements
• new buy-out structures including the early transfer of liabilities in advance of a buyout process
• ground-breaking deals and innovations in risk transfer (longevity swaps, buy-ins and buyouts)
• restructuring solutions – solving difficult commercial situations, working with the Pensions Regulator and the Pension Protection Fund

We deliver tailored solutions to address the unique needs of each employer and pension scheme, balancing the needs and interests of all parties to reach agreement efficiently and, often, at speed to deliver results when market conditions are favourable.