Partner, Doyle Clayton
I am a legal adviser with a practice focusing on assisting clients with pensions issues. Defined benefit pension problems continue to cause major headaches for corporates, impacting on the whole spectrum of their business model from their cashflow and bottom line profitability to their ability to raise new finance and engage in particular types of corporate activity. I have extensive experience in advising clients on the full range of employer and trustee side issues, as well as the related financial, tax and employment matters which arise in the pensions arena.
To give you a sense of the work my practice covers, some of my recent work highlights include:
- Advising a major broadcast client on its programme of pensions reform, including advice on the closure of the pension scheme to new joiners, the introduction of a 1% limit to pay for pension purposes and the establishment of a new career average pension arrangement.
- Advising Nationwide on the rationalisation of its UK pension arrangements, including a transition from final salary to career average pension benefits and the consolidation of its existing group pension arrangements into a single structure.
- Assisting the Trustees of a UK subsidiary on a proposal by its European owner to close its UK pension schemes to future accrual in order to facilitate a merger of the pension schemes.
- Advising a leading leisure company on a review of its UK pension arrangements including on a proposal to close its defined benefit pension scheme to future accrual.
- Advising on the pensions aspects of the acquisition of an £800 million turnover business with combined pension deficits of c.£500m.
- Advising BBC Worldwide on the pension issues arising out of its participation in the 2e DVD publishing joint venture with Woolworths, following the entering into administration of Woolworths.
I am always keen to build new contacts in the market, and look forward to hearing from you.