Faye Jarvis Partner

Partner

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Faye advises companies and trustees on all aspects of UK pensions law. Faye prides herself on helping clients navigate this complex and technical area of law by providing easy to understand, pragmatic advice that gives a clear way forward.

Faye has significant experience advising on complex funding arrangements, endgame strategies, liability management exercises, scheme mergers and demergers, and how to manage pension liabilities on corporate reorganisations, acquisitions or disposals. Other regular work includes major pension projects such as GMP equalisation, benefit changes and managing benefit errors, and transfers to Master Trusts.

In addition, Faye has advised insurers on the development of their pension products, and investment managers and trustees on LDI investments.

Faye is the current Chair of the Society of Pension Professionals Legislation Committee and a member of the Pensions Regulator’s working group on diversity and inclusion.

Expertise

Recent work

GMP equalisation

Advising various trustees on the implementation of GMP equalisation, including advice on the use of GMP conversion and associated tax issues.

Business divestiture

Advising a multi-national pharmaceutical company on the pension issues arising in relation to the divesture of part of its business, including the proposed transfer of a share of liabilities to a newly established pension scheme.

Dividend sharing agreement

Negotiating a dividend sharing agreement on behalf of trustees as part of the triennial actuarial valuation.

Business acquisition / Pensions Regulator engagement

Advising the trustees of a multi-billion pound pension scheme on the acquisition of their sponsoring employer by a private equity consortium, including strategy for engaging with the Pensions Regulator.

Beckmann liabilities / Pensions Ombudsman

Advising a power company on the calculation and payment of Beckmann liabilities and a subsequent complaint to the Pensions Ombudsman.

Buy-in of pension scheme liabilities

Advising various trustees on the buy-in of their pension scheme liabilities.

Establishing, winding up and transferring administration of international pension plans

Advising various multi-national employers on their international pension plans, including helping a bank to establish a pension scheme in the Philippines, winding-up a plan in Jersey in order to release surplus, and advising on the transfer of the administration of plans based in Guernsey and the Isle of Man to new third party providers and trustees.

Business sale / pension trustee engagement strategy

Advising a private equity firm on the pension aspects of the sale of one of its investments, including the strategy for engaging with the trustees.

Swaps and repurchase agreements

Advising various trustees on the use of swaps and repurchase agreements as part of their liability driven investment programme.

See all

What people are saying

"Faye is very commercially aware and makes decisions accordingly."

Chambers & Partners (UK 2024)

Quick reads

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In depth

Policy in practice: Autumn Statement 2023 - pensions

David Gauke, Faye Jarvis 24 Nov 2023

In our second policy in practice Autumn Statement 2023 podcast episode, David Gauke and Faye Jarvis discuss the pensions headlines and the implications for our clients.

Defined benefit pension schemes face fresh uncertainty following recent high court judgment

Faye Jarvis, Stacey Yon 21 Jun 2023

On Friday 16 June, the High Court handed down its judgment in Virgin Media Limited v NTL Pension Trustees II Limited and Others which answers the longstanding question of what is...

The new funding regime for defined benefit pension schemes – what employers need to know

Faye Jarvis 23 Feb 2023

In autumn 2022 the DWP consulted on the draft Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2023 (the Regulations).