Paul Carney

England

Shoosmiths LLP · Paul is an experienced pensions lawyer. He advises employers, trustees and public bodies on the legal aspects of all matters relating to pensions. He has a particular expertise in dealing with public sector pensions and has written practice notes in national publications addressing the issues involved in participating in, for instance, the Local Government Pension Scheme and the NHS Pension Scheme. Paul is experienced in drafting scheme-related documentation as well as providing ongoing advice on the day-to-day running of pension schemes and on questions of automatic enrolment. Paul regularly provides support to both companies and trustees in relation to pensions aspects of corporate transactions. Paul has a reputation for his ability clearly to explain (often) complex legal points. He does this in a way which helps clients to focus on their commercial issues rather than getting bogged down in the technical, legal minutiae. Clients and colleagues find his approach is practical and user-friendly. Paul’s recent work includes: advising a (multi-national) employer in relation to the rationalisation of its pension provision. Phase 1 completed early in 2018 and involved the merger of three of its occupational pension schemes; advising a national company on the pensions aspects of its corporate re-structuring and, in particular, on the implications of that re-structuring on its obligation automatically to enrol employees into an appropriate pension scheme; advising the trustees of a North West based occupational pension scheme in relation to ongoing matters and, in particular in relation to a multi-layered parent company guarantee provided to that scheme by the scheme principal employer’s group; advising a well established higher education body in relation to its ongoing participation in the Teachers’ Pension Scheme, the Local Government Pension Scheme and the Universities’ Superannuation Scheme; advising a central Government department in relation to the establishment of a free-standing joint venture company which was then able to participate, in its own right, in the relevant public sector pension scheme; advising the trustees of an occupational pension scheme further to a challenge from the Pensions Regulator which questioned their approach in agreeing to a corporate restructuring some three years previously; reviewing historical occupational pension scheme documentation in the light of equalisation requirements and in the light of age discrimination legislation; and advising the trustees of a number of UK pension schemes in relation to putting into place contingent assets and guarantees (including guarantees from non-UK guarantors) for the purposes of the PPF Levy. Paul is a contributor to PLC magazine and LexisNexis PSL.

England