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Simmons & Simmons

CITYPOINT, ONE ROPEMAKER STREET, LONDON, EC2Y 9SS, ENGLAND
Tel:
Work +44 20 7628 2020
Fax:
Fax +44 20 7628 2070
DX:
12 LONDON CHANCERY
Email:
Web:
www.simmons-simmons.com

Danny Tsang

Tel:
Work 020 7825 4153
Email:
Simmons & Simmons

Position

Danny specialises in pensions law and has 20 years experience in advising on all aspects of pensions and benefits matters. His clients include employers, trustees and insolvency practitioners. His practice focuses on advising clients in relation to pension strategy and includes the restructuring of pension schemes such as scheme mergers and changes to benefit structures and de-risking solutions. He also advises on the pensions aspects of corporate transactions liaising with the Pensions Regulator, whenever necessary, as well as assisting the pensions dispute resolution team on pension dispute matters.

Career

Previously partner of a major international law firm; partner in the employment, pensions and incentives team Simmons & Simmons 2013; member of the Association of Pension Lawyers, currently secretary of its international sub-committee; member of The International Pension and Employee Benefits Lawyers Association and regularly participates at its conferences; contributes to articles and legal bulletins.


London: Human resources

Pensions (non-contentious)

Within: Pensions (non-contentious)

De-risking exercises make up a significant proportion of work for the Simmons & Simmons team, which also handles complex enhanced transfer offers, buy-ins, buy-outs and defined benefit accrual restructuring exercises. The team, which is by Danny Tsang with support from Bristol-based James Dean, also advises on asset-backed funding strategy, regulatory compliance and the pensions aspects of cross-border M&A transactions. The client base comprises a large number of household-name financial institutions as well as public bodies, consumer goods companies and trustees across various sectors.

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Legal Developments by:
Simmons & Simmons

  • Failure to counter financial crime: Norwich Union Life

    In December 2007, the Financial Services Authority (FSA) imposed a fine of £1.26m on Norwich Union Life (part of the Aviva Group), one of the largest life insurance businesses in the UK with around seven million customers. The fine related to failures to take reasonable care to establish and maintain effective systems and controls for countering the risks of financial crime. The fine is the latest confirmation of the emphasis being placed on protecting clients and customers from the threat of financial crime.
    - Simmons & Simmons

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