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Portrait of Amina Mahmood

Amina Mahmood

Associate

CMS Cameron McKenna Nabarro Olswang LLP
Saltire Court
20 Castle Terrace
Edinburgh
EH1 2EN
United Kingdom
Languages English

Amina Mahmood is an Associate in the CMS Pensions Team. 

Amina acts for a broad range of trustee, corporate, and local government clients on all aspects of pensions law and regulation. Amina works closely with clients on large projects in financial services, infrastructure and oil & gas helping clients resolve pensions issues in a commercial way.  She also has experience in investment and supports clients with the new CMA procurement requirements as well as advising on the ESG investment regime.

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Memberships & Roles

  • Member – Association of Pension Lawyers.
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Education

  • 2016 – Diploma in Professional Legal Practice, The University of Edinburgh, Edinburgh.
  • 2015 – LLB (Hons), The University of Stirling, Stirling.
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01/10/2021
Gath­er­ing In­form­a­tion - No­ti­fic­a­tions
Un­der the ex­ist­ing “no­ti­fi­able events” re­gime, cer­tain events must be no­ti­fied to the Reg­u­lat­or in re­la­tion to DB pen­sion schemes. These are events that can res­ult in scheme or em­ploy­er-re­lated fund­ing is­sues, and present an in­creased risk of a call on the Pen­sion Pro­tec­tion Fund.The Act in­tro­duces a new ob­lig­a­tion to no­ti­fy and provide in­form­a­tion to the Reg­u­lat­or and trust­ees where there are cer­tain events in re­la­tion to the em­ploy­er – the new no­ti­fic­a­tion is com­monly re­ferred to as a “de­clar­a­tion of in­tent”. Al­though there is scant de­tail in the Act, the in­ten­tion of the new pro­vi­sion is that the Reg­u­lat­or and trust­ees should have early no­tice of cor­por­ate trans­ac­tions which might ad­versely af­fect schemes. The DWP launched a con­sulta­tion on reg­u­la­tions in Septem­ber 2021 which sets out some of the de­tail to the Act. Amongst oth­er things, the draft reg­u­la­tions out­line two new no­ti­fi­able events (re­lat­ing to the sale of an em­ploy­er’s busi­ness, and the grant­ing of new se­cur­it­ies) and con­firm that the de­clar­a­tion of in­tent must be giv­en when the main terms of the rel­ev­ant event have been pro­posed. The new pro­vi­sions had been ex­pec­ted to come in­to force in April 2022 but have been delayed. We ex­pect the Reg­u­lat­or to provide some clar­ity on the open points in a re­vised No­ti­fi­able Events Code of Prac­tice and ac­com­pa­ny­ing guid­ance.The Act also dra­mat­ic­ally in­creases the max­im­um fine for breach­ing the no­ti­fi­able events re­quire­ments to £1 mil­lion and in­tro­duces new crim­in­al of­fences. These pen­al­ties re­lated to pen­sions took ef­fect from 1 Oc­to­ber 2021.