Sandeep Maudgil

• T  +44 (0)20 7090 5408 (Direct line)
• E  sandeep.maudgil@slaughterandmay.com

• London 
• One Bunhill Row, London, EC1Y 8YY

Sandeep advises on a wide range of pensions and employment-related matters, both insofar as they affect mergers and acquisitions, and in the day-to-day ongoing context. He has extensive experience advising employers and trustees of a wide range of occupational pension schemes on all matters, including management of the issues arising from scheme funding deficits and recent changes in pensions legislation, as well as implementing the transition to more affordable benefit structures and full or partial buy-outs of pension scheme liabilities.

His recent work includes advising:

• Royal Mail on the Government's proposal to transfer more than £20bn of pension liabilities from the Royal Mail Pension Plan to a new Government pension arrangement, and before that on Royal Mail's proposals to close its defined benefit pension plan (including the move from a "final salary" to a "career average" arrangement)
• HM Treasury on pensions and employment matters relating to Northern Rock, Bradford & Bingley, Dunfermline Building Society, and the recent bank recapitalisation exercise
• Standard Chartered Bank on the pensions and employment aspects of its acquisition of American Express’s private banking business, and on subsequent integration matters
• BBA Aviation plc on the purchase by its pension plan trustees of a bulk annuity policy in respect of £300m of pensioner liabilities from Legal & General
• the trustees of the pension fund of a leading firm of accountants on a scheme merger
• Terra Firma Capital Partners I on the disposal of the Thorn Group (which included the companies participating in a pension plan with assets exceeding £1 bn) to the Pension Corporation
• a range of employers on Pensions Regulator "clearance" applications
• various employers and trustees in relation to negotiations over employer covenant issues, pension scheme funding and proposals to amend or terminate future benefit accrual