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.

Highlights include advising:

• Uniq plc on its deficit for equity swap with the trustee of the Uniq Pension Scheme
• GlaxoSmithKline on a £900 million bulk annuity buy-in agreement between the trustees of two of its pension funds and the Prudential to insure the pension funds' obligations to pay certain defined benefit pension liabilities
• 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
• 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

Sandeep is listed as a leading individual in the Pensions section of Chambers UK, 2012  and for Pensions (non-contentious) in The Legal 500, 2011.