Marks and Spencer plc - Master trust arrangement with Legal & General

List of all recent work 

Slaughter and May is advising Marks and Spencer plc on their new innovative master trust arrangement with Legal & General which is designed to provide a new pension arrangement for 2012 which will comply fully with the auto-enrolment requirements. The master trust provides an overarching framework under which multiple pension schemes from different companies can operate. Each scheme can make independent decisions on factors such as investment funds and contribution rates, while benefitting from an independent governance structure provided by the trust. This new arrangement will replace the company's current DC pension scheme.

We also advised on the provision of outsourced administration services in connection with the trust.

Roland Doughty (partner); Outsourcing: Rob Sumroy (partner)