Expertise

Pensions

Led by Peggy Hughes, we have a dedicated team of specialist pensions solicitors who provide a full range of pensions law services to our domestic and multinational clients. Our Pensions team, which forms part of the Employment Law & Benefits team, provides a service which is solutions and results focused, representing a broad range of clients including employers, pension scheme trustees, public sector clients and scheme members.

Our Pensions team has contributed articles on pensions related issues to a number of publications. Our team are members of and hold council/committee positions within specialist pensions industry organisations, have spoken on pensions related issues at a number of events and facilitated tutorials in the Law Society of Ireland on pensions matters in Family Law and on Litigation.

Some of the specialist pensions services provided by the Team are as follows:

Advisory

  • Retirement benefit vehicle planning and design – e.g. exploring the type of retirement benefit vehicle to provide such as personal retirement savings accounts (PRSAs), defined benefit and defined contribution schemes;
  • Drafting, amending and reviewing scheme documentation – including establishment documentation and amending/updating documentation and negotiating the terms of same (e.g. trust deeds, scheme rules, member explanatory booklets, IDR procedures, investment management agreements, terms of business/service level agreements);
  • Exploring the options for effecting pension changes including restructuring/derisking of pension schemes – e.g. moving from defined benefit to defined contribution, changing scheme benefit structures, closing schemes to new members, ceasing future benefit accrual and introducing or increasing member contributions;

Recommendations

Legal 500, 2016
Mason Hayes & Curran has assisted statutory body NAMA in investigations, and also advises on pension restructurings. Peggy Hughes heads the team.

Recent Work

  • Providing advice to an IFSC based financial institution on proposed changes to the normal retirement age for employees.
  • Advising the purchaser of a large pharmaceutical entity on the pensions aspects of that transaction.
  • Advising a financial institution on a proposed investment structure concerning the assets held in small self-administered pension schemes.
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Peggy Hughes

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