The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Burges Salmon LLP

Living Wage
ONE GLASS WHARF, BRISTOL, BS2 0ZX, ENGLAND
Tel:
Work 0117 939 2000
Fax:
Fax 0117 902 4400
DX:
7829 BRISTOL
Email:
Web:
www.burges-salmon.com
Bristol, Edinburgh, London

Richard Pettit

Tel:
Work 0117 902 6674
Email:
Burges Salmon LLP

Work Department

Pensions.

Position

Richard advises companies and pension scheme trustees on issues including moral hazard investigations, corporate restructuring, Pension Protection Fund work, funding negotiations, scheme documentation, closures and mergers. Richard's work has included advising scheme trustees on a high-profile moral hazard investigation by the Pensions Regulator involving a financial support direction being sought against a UK and overseas listed plc; advising a manufacturing company with a pension scheme with a £60 million deficit on the entry of the scheme into the Pension Protection Fund; and providing legal advice on the detailed mitigation for a pension scheme in the context of a £4bn restructuring of the supporting employer group.

Career

Richard trained and qualified at Burges Salmon (joining in 2004) and became a partner in 2015. He specialised in pensions on qualification and has worked solely in this area ever since. He is dual qualified (England and Wales, 2006; Northern Ireland, 2012).

Member

Association of Pension Lawyers.

Education

Attended King Edward VI School, Stratford-upon-Avon; Exeter College, Oxford, BA Jurisprudence; MA (2003); Oxford Institute of Legal Practice, LPC (2004).

Leisure

Interest in aviation (occasional private flying and taking my young family to aircraft museums).


London: Human resources

Pensions (non-contentious)

Within: Pensions (non-contentious)

Burges Salmon LLP has a particularly strong regulatory offering, with recent instructions involving judicial review applications against the Pensions Regulator and the defence of moral hazard investigations. The firm's client base spans trustees and scheme sponsors in both the public and private sectors, who instruct the team on scheme mergers, buy-ins and other transactions, regulatory compliance, personal pension scheme establishment and GDPR compliance. Justin Briggs and recently promoted partner Suzanne Padmore are stand-out names for pensions disputes, having recently acted on some of the market's most significant professional negligence matters. Further contentious expertise includes rectification actions and pension overpayment recovery. On the non-contentious side, key partners include Richard Pettit, Michael Hayles, Clive Pugh and Alice Honeywill.

[back to top]

Pensions: dispute resolution

Within: Pensions: dispute resolution

Burges Salmon LLP has a particularly strong regulatory offering, with recent instructions involving judicial review applications against the Pensions Regulator and the defence of moral hazard investigations. The firm's client base spans trustees and scheme sponsors in both the public and private sectors, who instruct the team on scheme mergers, buy-ins and other transactions, regulatory compliance, personal pension scheme establishment and GDPR compliance. Justin Briggs and recently promoted partner Suzanne Padmore are stand-out names for pensions disputes, having recently acted on some of the market's most significant professional negligence matters. Further contentious expertise includes rectification actions and pension overpayment recovery. On the non-contentious side, key partners include Richard Pettit, Michael Hayles, Clive Pugh and Alice Honeywill.

[back to top]


Back to index

Legal Developments by:
Burges Salmon LLP

  • Restoring environmental damage: putting a price on ecosystem services

    On 7 August 2009 a 40-inch pipeline ruptured, spilling 5,400 cubic metres of crude oil into the soil and groundwater of La Crau nature reserve in southern France, a habitat protected under French and European law. The operator had to excavate and replace 60,000 tons of soil, install 70 wells to pump and treat groundwater and 25 pumps to skim oil from surface water, at a cost in the region of €50m. However, this was just the primary remediation (that is, restoring the site to the state it would have been if the damage had not occurred). The operator was also required to compensate for the damage to the habitats and the loss of the ecosystem services that would otherwise have been provided by La Crau nature reserve. Measures included purchasing land outside of the nature reserve and contributing to its management for a period of 30 years (over €1m), monitoring the water table for 20 years (over €500,000), monitoring fauna over three years (€150,000) and rehabilitation in accordance with best available ecological techniques (nearly €2m). Overall, the compensatory restoration (to compensate for the amount of time that the ecosystem was impacted) and complimentary restoration (to compensate for elements of the ecosystem that had been permanently lost) came to more than €6.5m. 

    - Burges Salmon LLP

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to