Picture of Keith Webster

Keith Webster

Partner

CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
Languages English

Keith Webster is a partner in our award winning Pensions team. He advises trustees and employers running large occupational pension schemes on all areas of pensions related law.

He has particular expertise in investment and de-risking, including asset backed funding, insurance buy-ins and longevity hedging and is the current chairman of the Association of Pension Lawyers Investment Committee.

Keith also regularly advises pension providers on their pension products, ranging from master trusts, traditional insured arrangements and group personal pensions through to complex guaranteed income arrangements. Keith has wide experience of dispute resolution, including advising a number of firms of benefit consultants on risk and claims management and acting on Court applications in rectification and construction disputes relating to scheme rules.

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"Keith Webster of CMS has a reputation for his excellent technical abilities, with one commentator describing him as an ‘extremely talented and clever individual’."

Chambers & Partners

Leading Individual – Pensions

Legal 500, 2015

Relevant experience

  • Trustee clients range from a GBP 20m scheme to the multi-billion pound scheme of a high street bank.  Trustee advice includes:
    • An asset backed funding arrangement involving use of the employer’s key brands.
    • A Court application to confirm validity of scheme closure.
    • The implications of the takeover of the group parent company and consequent group refinancing including putting in place funding guarantees and security.
  • Advice for employers includes:
    • In relation to formal enforcement action taken by the Pensions Regulator following a failure to agree an actuarial valuation with the trustees.
    • On implications of historic invalid execution of scheme documentation.
    • Numerous scheme closure exercises.
  • Advice for pension providers includes:
    • A bulk annuity provider on numerous buy-in and buy-out transactions.
    • A leading benefit consultant on setting up DC master trust.
    • MetLife on set up and ongoing compliance of income guarantees within its drawdown personal pension product.
  • Chairman of a Business Action Group providing support from the business world to staff and pupils at a new sixth form College in Newham, East London.
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Education

1995 - LPC, College of Law

1994 - MA, St Johns College, Cambridge University

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Memberships

Fellow, Pensions Management Institute

Chair, Association of Pension Lawyers Investment Committee

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Publications

NAPF Guide to Investment Management Agreements ABI/NAPF Good Practice Guide to Bulk Insured Annuities

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Lectures list

2016 - PMI Annual Conference: Responsibilities of Parties

2016 - TISA Seminar: Legal pitfalls of the new retirement income space

2016 - Association of Consulting Actuaries Annual Pensions Conference: Legal Update

2015 - NAPF: Pensions and VAT

2014 - Institute and Faculty of Actuaries annual conference: The Scheme Actuary as data controller

2013 - LexisNexis: GMP Equalisation 

2012 - APL Annual Conference: Asset backed funding structures

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17/02/2016
Life, pen­sions & longev­ity risk
10/08/2017
Trust­ee Know­ledge Up­date - Au­gust 2017
Trust­ees of oc­cu­pa­tion­al pen­sion schemes have a stat­utory duty to en­sure that they have an ad­equate know­ledge and un­der­stand­ing of the leg­al is­sues rel­ev­ant to their scheme.   They must also en­sure that they are up to date with rel­ev­ant changes in the law, which.
02/11/2015
The Ab­ol­i­tion of Con­tract­ing-out: What can DB schemes...
12/07/2017
Su­preme Court strikes down re­stric­tions on pen­sion rights of civil...
The Su­preme Court has handed down an im­port­ant de­cision in Walk­er v In­no­spec Lim­ited, a case about dis­crim­in­a­tion on grounds of sexu­al ori­ent­a­tion and wheth­er it is per­miss­ible, in some cir­cum­stances, to provide lower pen­sion be­ne­fits to civil part­ners and.
02/11/2015
Em­ploy­ers face high­er costs due to VAT changes
16/06/2017
Pen­sions Clar­ity Guide: DC Gov­ernance – June 2017
The gov­ernance re­quire­ments for pen­sion schemes provid­ing money pur­chase (DC) be­ne­fits have in­creased sig­ni­fic­antly in re­cent years. Some of the re­quire­ments ap­ply only to ar­range­ments used to com­ply with auto-en­rol­ment re­quire­ments whilst oth­ers have a wider.
12/05/2015
Om­buds­man out­lines ap­proach to sus­pec­ted lib­er­a­tion...
08/03/2017
Budget - rules on over­seas pen­sion trans­fers change to­mor­row!
The Chan­cel­lor of the Ex­chequer, Philip Ham­mond, has is­sued his first Budget. Al­though there had been spec­u­la­tion about fur­ther re­stric­tions on pen­sions tax re­lief, these changes have not ma­ter­i­al­ised. However, the Chan­cel­lor, as part of a wider crack­down on.
23/04/2015
New Om­buds­man rul­ings on trans­fers to al­leged lib­er­a­tion...
09/02/2017
Trust­ee Know­ledge Up­date - Feb­ru­ary 2017
Trust­ees of oc­cu­pa­tion­al pen­sion schemes now have a stat­utory duty to en­sure that they have an ad­equate know­ledge and un­der­stand­ing of the leg­al is­sues rel­ev­ant to their scheme.   They must also en­sure that they are up to date with rel­ev­ant changes in the law,.
27/03/2015
VAT re­cov­ery on pen­sion fund man­age­ment - fur­ther HM­RC...
29/11/2016
DWP launches con­sulta­tion on GMP con­ver­sion and equal­isa­tion is­sues
The Gov­ern­ment is fi­nally con­sult­ing on long-trailed pro­pos­als on equal­ising for the ef­fect of guar­an­teed min­im­um pen­sions (GMPs) in private sec­tor oc­cu­pa­tion­al pen­sion schemes, and on GMP con­ver­sion meth­od­o­logy.
17/03/2015
In­dustry re­news fight against pen­sion scams
10/11/2016
Trust­ee Know­ledge Up­date - Novem­ber 2016
Trust­ees of oc­cu­pa­tion­al pen­sion schemes now have a stat­utory duty to en­sure that they have an ad­equate know­ledge and un­der­stand­ing of the leg­al is­sues rel­ev­ant to their scheme.   They must also en­sure that they are up to date with rel­ev­ant changes in the law,.
12/03/2015
NAPF pub­lishes Trust­ees Guide to In­vest­ment Man­age­ment...
14/09/2016
VAT - HM­RC up­dates the pen­sions in­dustry on pro­gress
Last week, HM­RC an­nounced that em­ploy­ers and trust­ees have un­til 31 Decem­ber 2017 to com­ply with HM­RC’s new re­quire­ments on the VAT treat­ment of pen­sion scheme costs. Today, a fur­ther HM­RC up­date sets out its latest po­s­i­tion on some of the op­tions which have.
20/02/2015
Pen­sions flex­ib­il­ity - more de­tail
06/09/2016
VAT - fur­ther 12 month ex­ten­sion to pen­sions changes
HM Rev­en­ue and Cus­toms has an­nounced a fur­ther 12 month ex­ten­sion to trans­ition­al ar­range­ments re­lat­ing to the VAT treat­ment of pen­sion scheme costs.   Schemes and em­ploy­ers now have un­til the end of Decem­ber 2017 to com­ply with HM­RC’s new re­quire­ments.