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Keith Webster

Partner

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

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

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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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11 February 2021
CMS Guide to the Pen­sion Schemes Act 2021
Over a year since it ori­gin­ally ap­peared in Par­lia­ment, the Pen­sion Schemes Act has re­ceived Roy­al As­sent. The Act arms The Pen­sions Reg­u­lat­or with sweep­ing civil and crim­in­al powers; in­tro­duces new cli­mate...
03 February 2021
Trust­ee Know­ledge Up­date – Novem­ber 2020 - Janu­ary 2021
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...
12 November 2020
Trust­ee Know­ledge Up­date – Au­gust-Oc­to­ber 2020
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...
24 September 2020
Pen­sions en­vir­on­ment­al, so­cial and gov­ernance in­vest­ing: An up­date
In re­cent years, en­vir­on­ment­al, so­cial and gov­ernance (ESG) and cli­mate change have be­come in­creas­ingly im­port­ant is­sues, both in the UK and glob­ally. With roughly £2.5 tril­lion in as­sets, pen­sion schemes...
23 September 2020
Pen­sions en­vir­on­ment­al, so­cial and gov­ernance in­vest­ing: An up­date
In re­cent years, en­vir­on­ment­al, so­cial and gov­ernance (ESG) and cli­mate change have be­come in­creas­ingly im­port­ant is­sues, both in the UK and glob­ally. With roughly £2.5 tril­lion in as­sets, pen­sion schemes...
14 August 2020
Trust­ee Know­ledge Up­date – Au­gust 2020
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...
18 June 2020
Green light for DB con­sol­id­a­tion
The Pen­sions Reg­u­lat­or (“TPR”) has this morn­ing pub­lished in­ter­im guid­ance on the stand­ards it ex­pects from Defined Be­ne­fit con­sol­id­a­tion vehicles. This guid­ance is ex­pec­ted to open the door for schemes...
14 May 2020
Trust­ee Know­ledge Up­date – May 2020
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...
03 March 2020
DB fund­ing code con­sulta­tion
Today the Pen­sions Reg­u­lat­or (“TPR”) has pub­lished its first con­sulta­tion on a new fund­ing code for defined be­ne­fit pen­sion schemes. This seeks views on the gen­er­al ap­proach and prin­ciples. TPR ex­pects...
20 February 2020
RPI Re­form: should you be tak­ing ac­tion?
On Budget Day, cur­rently 11 March 2020, the Gov­ern­ment is ex­pec­ted to start a con­sulta­tion on chan­ging how the Re­tail Prices In­dex (RPI) is cal­cu­lated. The changes could lead to a trans­fer in value from...
13 February 2020
Trust­ee Know­ledge Up­date – Feb­ru­ary 2020
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...
06 November 2019
Trust­ee Know­ledge Up­date – Novem­ber 2019
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...