Our decision to collaborate was dependent on strict criteria – in short, how the partnership would expand the offering to our Charities Pensions Club members.
CMS work with a number of charities, meaning they truly understand the legal requirements specific to the third sector. In particular, CMS have vast experience advising charities on pensions matters through their UK pensions practice – comprising of 49 lawyers, including 14 partners – making it one of the biggest in the UK.
The Legal 500 ranks CMS in the top band for pensions legal advice, and we are excited to be in partnership with a firm who offers such extensive market-leading experience.
Recently, CMS have advised their charity clients on pensions issues such as:
- Funding: availability of funds and constraints on what funds can be used for.
- PPF levy: ensuring the Experian credit rating reflects the Charity’s true financial standing.
- Covenant: measuring covenant strength, how to mitigate against funding concerns by use of contingent assets and how to deal with trustee concerns over covenant issues.
- GDPR: working with their market-leading data protection team to advise schemes on the steps needed to be compliant with the General Data Protection Regulation (GDPR) when it comes into force in May 2018.
CMS will be hosting our November event which, undoubtedly, will provide our members with valuable, free, intel – further details, including presentation topic, will be announced in the coming weeks.
We truly believe this will be an engaging relationship that our Charities Pensions Club members will benefit significantly from.