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Keith Webster

Partner

Portrait of Keith Webster

Keith Webster

Partner

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

Keith is a partner in the Pensions team. He advises trustees and employers running large occupational pension schemes on all areas of pensions related law, including litigation. He has particular expertise in investment and de-risking, including asset-backed funding, insurance buy-ins and longevity hedging. Keith also regularly advises pension providers on their pension products, particularly master trusts and group personal pensions arrangements.  Keith is a fellow of the Pensions Management Institute and an elected member of its Advisory Council.

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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

"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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Memberships & Roles

  • Fellow, Pensions Management Institute
  • Chair, Association of Pension Lawyers Investment Committee
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Publications

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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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Education

  • 1995 - LPC, College of Law
  • 1994 - MA, St Johns College, Cambridge University
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Expertise

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03/05/2023
Trust­ee Know­ledge Up­date - Feb­ru­ary - April 2023
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...
Law-Now Pensions
15/03/2023
The end of the life­time al­low­ance
In today’s Budget, the Chan­cel­lor of the Ex­chequer has an­nounced dra­mat­ic pen­sions tax changes - in­creas­ing the an­nu­al al­low­ance from £40,000 to £60,000, and scrap­ping the life­time al­low­ance en­tirely...
Law-Now Employment & Pensions
14/03/2023
LDI, the Gilt Crisis and Claims Risk
In this we­bin­ar we will be look­ing at the re­cent UK Gilt mar­ket fail­ure and the res­ult­ing LDI crisis, and ex­plor­ing the po­ten­tial for lit­ig­a­tion to arise out of it.In this ses­sion, Keith Web­ster and Lauren...
Event Webinar
03/02/2023
Trust­ee Know­ledge Up­date – Novem­ber 2022 - Janu­ary 2023
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...
Law-Now Employment & Pensions
17/01/2023
The Pen­sions Reg­u­lat­or: Sup­port­ing Defined Con­tri­bu­tion Savers in the cur­rent...
Sum­mary On 12 Janu­ary the Pen­sions Reg­u­lat­or is­sued a state­ment con­tinu­ing to chal­lenge trust­ees to sup­port mem­bers with DC be­ne­fits. The state­ment lists a num­ber of ac­tions which the Reg­u­lat­or says...
Law-Now Employment & Pensions
19/12/2022
Long-term fund­ing and in­vest­ment: TPR speaks
The Pen­sions Reg­u­lat­or (TPR) has fi­nally launched its con­sulta­tion on a new DB Fund­ing Code of Prac­tice. The Code, which fol­lows TPR’s ini­tial 2020 con­sulta­tion on fund­ing prin­ciples, will play a ma­jor...
Law-Now Employment & Pensions
08/11/2022
Trust­ee Know­ledge Up­date – Au­gust-Oc­to­ber 2022
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...
Law-Now Pensions
02/08/2022
Trust­ee Know­ledge up­date
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...
Law-Now Pensions
06/07/2022
Trans­fer con­di­tions: Up­dated guid­ance on risk-based ap­proach for trust­ees
Fol­low­ing con­cerns raised both dir­ectly and in the press, the DWP and TPR have is­sued a joint state­ment (and TPR has amended its guid­ance) on the ap­plic­a­tion of the trans­fer con­di­tions reg­u­la­tions which...
Law-Now Employment & Pensions
10/05/2022
Trust­ee Know­ledge Up­date - Feb­ru­ary-April 2022
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...
Law-Now Pensions
03/05/2022
Trust­ee Know­ledge Up­date - Feb­ru­ary-April 2022
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...
Law-Now Pensions
01/02/2022
Trust­ee Know­ledge Up­date - Novem­ber 2021 - Janu­ary 2022
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...
Law-Now Pensions
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