Property
Pension Property
Our real estate team has, over a period of more than twenty years, dealt with numerous property transactions for major institutional clients in the pension sector. During this time we have advised market-leading organisations on all property aspects of their pension assets and mortgage products.
The new pension regime brought into effect from 6 April 2006 (optimistically described in the legislation as “Pension Simplification”) has opened up new areas and opportunities for holding commercial property in pension plans. It has equally created new complexities and challenges for the pension industry and its legal advisers, with an increased risk of onerous tax penalties for individual investors and pension providers. We deal with the full range of specialist pension property products including SIPPs, SSAS’s and private funds, and currently handle significant volumes of pension property work for substantial clients such as the AXA UK Group and Capita SIP services.
Our team works closely with our clients’ teams to achieve optimum integration of systems and processes and full implementation of the required services at the desired volumes and service standards. We handle all legal and conveyancing aspects of pension property and liaise with our clients and their other suppliers to minimise risk and cost. We are committed to protecting and enhancing the property assets for the benefit of the pension provider and their client investors, and to providing a fast, efficient and cost-effective service.
Our Pensions group can call upon the experience of a Fellow and an Associate of the Institute of Pension Management
Contact: Catherine Turner or John Hicks