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Barnett Waddingham
0333 11 11 222

Simon Taylor FIA

Partner

Simon advises companies on defined benefit (DB) pension issues including liability and risk reduction exercises, scheme funding and financing, exit strategies, benefit changes and accounting disclosures.

Simon has particular expertise in scheme funding negotiations from the employer’s perspective and has helped many companies agree reduced deficits and recovery plan contributions with their trustees. 

He strongly believes that a robust but collaborative approach, rather than an adversarial stance, is the key to successfully agreeing an appropriate outcome with the trustees.


Significant experience:

  • advice to a large multinational financial services company on its funding valuation (including the regulatory capital impact)

  • advice to a potential lender on the pensions issues facing a company seeking to refinance

  • purchaser due diligence on a number of corporate acquisitions by trade buyers and private equity houses

  • vendor due diligence on the sale of a company from private equity ownership to a trade buyer

  • design and implementation of liability and risk reduction exercises including enhanced transfers, pension increase exchanges and transfers at retirement

  • development of exit strategies for several clients including asset and liability de-risking actions

  • currently advising several distressed companies on the possibility of reaching an 'above PPF compromise' with the trustees of their pension scheme

Comment & Insight

  • News Welcome proposals on contingent charging represent a pragmatic approach to reduce conflicts

    The FCA have published pension related proposals designed to improve pension transfer advice. This includes a proposed ban on contingent charging for pension transfer advice. Simon Taylor welcomes the proposal and supports the increase in transparency.

  • Blog post Navigating the endgame

    TPR has recently increased its focus on the endgame of UK DB pension schemes. This blog explores how companies paying higher dividends than deficit contributions should expect more of a challenge on this from their trustees and The Pensions Regulator.

  • Briefing Planning for your DB pension endgame

    TPR has recently increased its focus on the endgame of UK DB pension schemes. This briefing note explores how companies paying higher dividends than deficit contributions should expect more of a challenge on this from their trustees and the Regulator.

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