Pensions

United Kingdom

Our award-winning pensions team is experienced in advising trustees, employers, consultants and insurers on all aspects of pensions law. As well as day-to-day advice, we have particular experience advising on benefit redesign, scheme closures and liability reduction. We are industry-leaders in longevity hedging, buy-in, buy-out, asset-backed funding, funds and corporate restructuring. Unlike other pension law practices, we also work on litigation, as this enables us to brief clients in full on any potentially contentious issues and provides a balanced approach to our advice.

We provide schemes of all sizes with clear, pragmatic and proactive advice. We stand out from other firms with the inside track on key issues that are developing in the pensions market and we make sure that our clients are kept up-to-date on the latest pensions legal developments by sending a variety of regular updates, which focus on what you need to know and, practically, what you need to do.

With 60+ UK lawyers, we have one of the largest pension teams of any major UK law firm (and the largest London pensions team in a full-service law firm). We are widely regarded as market-leaders in the pensions industry maintaining, for the eleventh consecutive year, our top tier rankings for both Pensions and Pensions Litigation in both Chambers and Legal 500. 

Industry recognition

  • ‘Pensions Law Firm of the Year 2019’, Pension and Investment Provider Awards 2019.
  • ‘European Pensions Law Firm of the Year 2019’, European Pensions Awards.
  • This year we published CMS’s Pensions Law Handbook (14th edition), a definitive 1,000 page guide to UK pensions law, awarded the APL Wallace Medal for “meritorious work in communicating and explaining legal issues affecting pensions”.
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CMS is ‘the best in the market’

Legal 500, 2020

CMS has ‘one of the best pensions offerings in the country’. The practice’s ‘unrivalled resources’ enables it to provide ‘incredible tailored advice, a commercially minded approach and an ability to remove the fluff to get straight to the point and find the best solution’.

Legal 500, 2018
Law-Now: Pen­sions
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15 Jan 20
Pen­sions Om­buds­man Up­date – Janu­ary 2020
Wel­come to the latest reg­u­lar Pen­sions Om­buds­man Up­date from the CMS Pen­sions Team. The Pen­sions Om­buds­man re­solves hun­dreds of cases every year which are not only im­port­ant for the parties con­cerned,...
13 Jan 20
The Bill is back
The Pen­sion Schemes Bill prom­ised in the Queen’s Speech has been in­tro­duced in­to Par­lia­ment. At nearly 200 pages the Bill is com­pre­hens­ive, wide-ran­ging and ticks many of the boxes on the Pen­sions Reg­u­lat­or’s...
19 Dec 19
Pen­sions on in­solv­ency: CJEU sug­gests “poverty line” test in the Bauer...
The Court of Justice of the EU (CJEU) has held once again that the In­solv­ency Dir­ect­ive does not re­quire mem­ber states to put meas­ures in place to fully fund lost pen­sion rights on the in­solv­ency of an...
06 Nov 19
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...
15 Oct 19
Pen­sions Om­buds­man Up­date – Oc­to­ber 2019
Wel­come to the latest quarterly Pen­sions Om­buds­man Up­date from the CMS Pen­sions Team. The Pen­sions Om­buds­man re­solves hun­dreds of cases every year which are not only im­port­ant for the parties con­cerned,...
07 Oct 19
No great sur­prise in store: CJEU de­liv­ers Safe­way de­cision
This morn­ing the Court of Justice of the European Uni­on (CJEU) handed down judg­ment in the Safe­way case, an im­port­ant de­cision for pen­sion schemes about sex equal­isa­tion, amend­ment powers, and the in­ter­ac­tion...
01 Aug 19
Trust­ee Know­ledge Up­date – Au­gust 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...
10 Jul 19
Pen­sions Om­buds­man Up­date – Ju­ly 2019
Wel­come to the latest quarterly Pen­sions Om­buds­man Up­date from the CMS Pen­sions Team. The Pen­sions Om­buds­man re­solves hun­dreds of cases every year which are not only im­port­ant for the parties con­cerned,...
20 May 19
Trust­ee Know­ledge Up­date - May 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...
24 Apr 19
An­oth­er piece of the jig­saw: DWP is­sues GMP con­ver­sion guid­ance 
The Gov­ern­ment, with the as­sist­ance of an in­dustry work­ing group, has is­sued long-awaited stat­utory guid­ance on GMP con­ver­sion. This is an im­port­ant is­sue for many schemes re­view­ing the prac­tic­al­it­ies...
11 Feb 19
“We’re com­ing for you”: new powers for The Pen­sions Reg­u­lat­or
The Gov­ern­ment has an­nounced an ex­tens­ive pack­age of meas­ures to strengthen the powers of The Pen­sions Reg­u­lat­or (TPR). TPR’s new powers may con­cen­trate the minds of busi­nesses with defined be­ne­fit...
05 Feb 19
Trust­ee Know­ledge Up­date Feb­ru­ary 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...