The pensions team at Birmingham law firm Wragge & Co has been appointed to advise the trustees of the G4S Pension Scheme.
The defined benefit occupational DB scheme includes assets of more than £1 billion for the international security firm, that takes in big industry names like Securicor.
The Wragge & Co team will include partners Paul Feathers and Jason Coates, associate Sara Hughes and solicitor Amrit Uppal. They will be advising the trustees on the full range of pensions legal issues.
Mr Feathers said: “This is a great appointment for the team which is consistent with our strategy of being at the ‘top table’ for pensions law. We pride ourselves on operating as a single team with a flexible approach that ensures we deliver clear, technically sound legal advice that is tailored to our client’s needs. It’s an approach which appears to be striking the right chord. We are delighted to have been selected and are really looking forward to working with the trustee.”
Sally Kessen, the UK pensions manager at G4Sc, said: “We are very pleased to have appointed Wragge & Co as a legal adviser to the trustee. The trustee was impressed with Wragge & Co’s experience and credentials, but what really set them apart was their commitment to investment in the relationship and to working flexibly in a way that suits the trustee’s needs. We are looking forward to working with them.”
G4S is a security solutions group, specialising in outsourcing of business processes in sectors where security and safety risks are considered a strategic threat.
It is the largest employer quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. The firm has operations in over 110 countries and over 585,000 employees.
Wragge & Co previously advised the trustees of two of the constituent schemes before these schemes merged into the G4S Pension Scheme.
Wragge & Co’s 37-lawyer pensions team is one of the largest in the UK. It advises scheme sponsors, trustees and international clients on schemes of all sizes.
Since the beginning of the year it has been appointed to advise the trustees of the £120 million Fujitsu Comparable Pension Scheme, the trustees of the newly-formed Rheidol 2008 Pension Scheme and the trustees of the £200 million Grant Thornton Pensions Fund.