Norton Rose Fulbright LLP
Bethan is a pensions lawyer based in London.
She joined the pensions team at Norton Rose Fulbright in April 2020. She works with a range of trustee and sponsoring employer clients across a variety of industries and sectors on a mixture of advisory work and corporate transactions.
Bethan trained at another law firm, joining the pensions team in September 2016 and qualifying as a pensions associate in September 2017.
TRUSTEE ADVISORY WORK
- General pensions issues such as equalization, auto-enrolment, bulk transfers and day-to-day member queries.
- Trustee training at quarterly meetings concerning recent legal developments.
- GMP equalization issues and correction exercises.
- Various liability management exercises for schemes with large deficits, including PIEs, FROs and ETVs, and supporting the trustees of a large multi-section final salary scheme on a pensioner buy-in.
- Disputes with scheme members including the Pensions Ombudsman resolved by trustees.
- A number of projects in relation to GDPR compliance.
- A dispute worth over £400,000m concerning the ability of the employer to exercise purported powers to reduce the rate of increases to pensions under the scheme.
- The employer's proposal to close the scheme to future accrual.
- The consequences of an administrative failure resulting in unauthorised payments, scheme sanction charges and member complaints (including liaising with the administrators to reach a settlement, advising on the recovery of overpayments and how to prevent these errors going forwards).
- DB-DC bulk transfers without consent and on transfers to master trusts.
- The authorisation of master trusts.
- The restructuring of benefits ranging from pension scheme closure through to introducing new benefit categories and schemes.
- Contracts with various advisers.
EMPLOYER ADVISORY WORK
- A major international company in the travel industry on a potential dispute with the trustee of the pension scheme, including advice on the company's discussions with the trustee and the Pensions Regulator on the economic impact of COVID-19 on the sponsoring employer's covenant and the potential mitigation options available. In particular, advising on the Pensions Regulator's moral hazard powers, information gathering powers and powers to impose a valuation.
- A large international company in the food industry on a corporate restructuring and the potential impact on existing pension schemes.
- An international professional services company with pensions issues related to the acquisition of several UK businesses with many international subsidiaries.
- An asset management company with pensions issues in the acquisition of a UK business with several international subsidiaries.
- An investment company in respect of pensions issues with the acquisition of a UK business.
- Public sector bodies and private sector contractors with public service pensions issues, including new Fair Deal.
- Association of Pension Lawyers