This is an opportunity for an in-house pensions lawyer to join us and help develop a BPA business within a growing and ambitious Life Insurer. There is also opportunity to take on wider corporate and commercial duties.
Responsibilities:
Provide expert legal counsel on the development of our BPA business and throughout the transaction process. Interpret and present complex legal considerations and material. Draft, edit and review legal documentation and processes required in the run up to and throughout transactions, including alterations to standard terms and BPA deal contracts. Support the BPA team and Executive Committee in managing third parties involved in the provision of services, including pension scheme trustees, administrators and EBCs. Work closely with the Compliance team to help the BPA and Executive Committee team understand the regulatory and legal landscape. Work closely with the Company Secretary to provide support on day-to-day company legal matters. Manage relationships with any external legal counsel and those assigned to act for third parties. Contribute to the risk management function of Utmost Life and Pensions from a BPA perspective. Maintain up to date knowledge of legislative changes and industry best practice relevant to our business. Maintain competence and fitness and propriety standards to the level required by the Company’s regulators. Provide Utmost Life and Pensions with access to any evidence of competence, fitness and propriety reasonably required, for example permission to carry out DBS and credit history checks. Comply with the FCA’s conduct (and senior conduct) and Consumer Duty rules and the PRA’s conduct (and senior manager conduct) standards. Notify the regulator(s) of matters reasonably expected to be notified. Any other task or activity as may be reasonably expected within this role.
Core Competencies:
Strong knowledge of UK Defined Benefit Pensions and the BPA market. Excellent knowledge of the BPA process, from deal execution to buy-out. Demonstrates commercial acumen. Excellent attention to detail, written and verbal communication skills. Able to build productive relationships at all levels. Good presentation and negotiation skills with internal and external stakeholders. Pro-active, pragmatic, adaptable and flexible.
Experience and Qualifications: Mandatory:
Minimum two years’ post qualified experience (either in-house or in practice). Good knowledge and experience of life assurance and pensions business. Knowledge of defined benefit liability management/de-risking work. Desirable:
Experience working in the BPA sector.
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Provide expert legal counsel on the development of our BPA business and throughout the transaction process. Interpret and present complex legal considerations and material. Draft, edit and review legal documentation and processes required in the run up to and throughout transactions, including alterations to standard terms and BPA deal contracts. Support the BPA team and Executive Committee in managing third parties involved in the provision of services, including pension scheme trustees, administrators and EBCs. Work closely with the Compliance team to help the BPA and Executive Committee team understand the regulatory and legal landscape. Work closely with the Company Secretary to provide support on day-to-day company legal matters. Manage relationships with any external legal counsel and those assigned to act for third parties. Contribute to the risk management function of Utmost Life and Pensions from a BPA perspective. Maintain up to date knowledge of legislative changes and industry best practice relevant to our business. Maintain competence and fitness and propriety standards to the level required by the Company’s regulators. Provide Utmost Life and Pensions with access to any evidence of competence, fitness and propriety reasonably required, for example permission to carry out DBS and credit history checks. Comply with the FCA’s conduct (and senior conduct) and Consumer Duty rules and the PRA’s conduct (and senior manager conduct) standards. Notify the regulator(s) of matters reasonably expected to be notified. Any other task or activity as may be reasonably expected within this role.
Core Competencies:
Strong knowledge of UK Defined Benefit Pensions and the BPA market. Excellent knowledge of the BPA process, from deal execution to buy-out. Demonstrates commercial acumen. Excellent attention to detail, written and verbal communication skills. Able to build productive relationships at all levels. Good presentation and negotiation skills with internal and external stakeholders. Pro-active, pragmatic, adaptable and flexible.
Experience and Qualifications: Mandatory:
Minimum two years’ post qualified experience (either in-house or in practice). Good knowledge and experience of life assurance and pensions business. Knowledge of defined benefit liability management/de-risking work. Desirable:
Experience working in the BPA sector.
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