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Shepherd and Wedderburn

1 EXCHANGE CRESCENT, CONFERENCE SQUARE, EDINBURGH, EH3 8UL, SCOTLAND
Tel:
Work 0131 228 9900
Fax:
Fax 0131 228 1222
DX:
551970 EDINBURGH-53
Email:
Web:
www.shepwedd.com
Aberdeen, Edinburgh, Glasgow, London

Andrew Holehouse

Tel:
Work 0131 473 5192
Email:
Shepherd and Wedderburn

Work Department

Pensions law

Position

Andrew is a partner and a recognised pensions law expert. In particular, he is noted for his work in electricity supply and distribution industry pensions, and is the draftsman of the protected persons regulations on pensions, which have applied to the electricity industry since its privatisation. He has acted on a number of groundbreaking pensions arrangements, including advising the trustee of the ScottishPower pension scheme’s £2bn Longevity swap – a relatively new and complex financial instrument. He advises trustees of major occupational pension schemes and private and public companies on the full spectrum of pensions law issues including pensions liability and risk management, buy-in and buy-out insurance, benefit design and change, acquisitions and disposals, pension scheme restructurings, winding up pension schemes, and employer financed retirement benefit schemes. Andrew is a Committee member of the NAPF Scotland Group as well as a full member of the Association of Pensions Lawyers, and of the Law Society of Scotland Pensions Law Working Party. Admitted in Scotland, England and Wales.

Career

Articled Watts, Vallance & Vallance, London 1979-1981, qualified as English solicitor 1981; assistant Rooks Rider, London 1981-84, partner 1984; moved to Scotland 1987 and joined Shepherd and Wedderburn 1988, qualified as Scottish solicitor 1989; appointed associate 1990; partner 1992 to date.

Member

Committee member and past chairman of the National Association of Pension Funds (NAPF) in Scotland; committee member and past chairman, Scottish Group Association of Pension Lawyers; Law Society of Scotland Pension Law Specialist Committee and Pensions Law Working Party.

Education

Wolverhampton Polytechnic (1978 LLB Hons); College of Law, Lancaster Gate (1979 distinction).

Leisure

Opera, rugby, classical music, oriental carpets.


Scotland: Human resources

Pensions

Within: Leading individuals

Andrew Holehouse - Shepherd and Wedderburn

Within: Pensions

The ‘first-class and pragmatic’ team at Shepherd and Wedderburn is ‘very client focused and demonstrates high levels of knowledge’. The team frequently acts for pension trustees but also has a strong corporate client base, with particular expertise in the financial services, energy and education sectors. ‘Very knowledgable’ co-head Louisa Knox advised the trustees of the Standard Life Staff Pension Scheme on a range of pension law matters, including the implementation of the closure of the scheme’s final salary section to future accruals and the introduction of a new defined contribution section for future benefit provision. Highly regarded co-head Andrew Holehouse assisted the trustees of the AG Barr Pension and Life Assurance Scheme with a pension risk transfer deal with Canada Life to cover over 50% of the scheme’s total pensioner liabilities. As another highlight, Knox led advice to manufacturing company Danaher on all UK pension issues and assisted five of the company’s business units on the concurrent closure of their final salary pension schemes to future accrual. She also assisted the trustee of the Scottish Amicable Staff Pension Scheme with governance matters and with issues arising from pension tax changes effective from April 2016. Edwin Mustard is another key member of the team.

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