Charles is the head of our Pensions and Employment Practice. He has a broad advisory and transactional practice covering pensions and employment.
His advisory practice covers trustees and sponsoring employers in relation to pension schemes, particularly in the industrial and manufacturing sectors.
Charles’ relevant advisory experience covers funding/covenant negotiations, de-risking structures (Charles is a member of our Pensions Derisking Group), benefit change exercises and scheme mergers.
His transactional experience includes acting on many UK and multi-national public and private mergers and acquisitions, advising on both pensions and employment aspects.
Highlights include advising:
- GKN on the proposed combination of its automotive division with Dana Inc
- Tata Steel on the restructuring of the £13 billion British Steel Pension Scheme through a regulated apportionment arrangement (RAA) with the Trustee, and the contingent creation of a new British Steel Pension Scheme, with the support of the Pensions Regulator and the Pension Protection Fund
- employers including United Utilities, INEOS, Tata Steel, and AkzoNobel in relation to benefit change exercises, including closure of pension schemes to future accrual
- ICI and AkzoNobel on the £3.6 billion de-risking of the ICI Pension Fund, with the purchase of buy-in policies from Legal & General and Prudential
Charles is a past Chairman of the Legislative & Parliamentary Sub-Committee of the Association of Pension Lawyers, and is a contributor to Weinberg & Blank on Takeovers and Mergers. He is listed as a leading individual in the Pensions section of Chambers UK, 2018 and in the Pensions: (non-contentious) section of The Legal 500, 2017.
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