Venetia Trayhurn

Pension Trusteeship

What our clients say

P. O'Sullivan, Managing Director, Redington Plc

Areas of expertise

An experienced pensions lawyer and ombudsman before joining LawDeb, Venetia’s particular areas of expertise are:

  • Negotiating and project-managing complex transactions involving multiple parties and competing interests
  • All aspects of governance, and the legal, regulatory and tax framework for operating occupational and personal pension schemes
  • Trustee dispute resolution, litigation and court procedures, whether involving members, employers or professional advisers

Notable successes

  • In her first year, appointed to represent LawDeb on five defined benefits/hybrid pension schemes, and three defined contribution pension arrangements, with assets ranging from £70m to £2.2bn.
  • Supported the Trustee board and Employer in selecting, negotiating and successfully transitioning c£300m defined contribution assets from an occupational scheme to a master trust provider, in order to facilitate members having direct access to ‘at retirement’ solutions, online tools for pension planning, and enhanced communication channels to promote greater employee savings and engagement
  • Led for the Trustee board in reaching a satisfactory final settlement with a sponsoring employer and its parent company in relation to a longstanding funding negotiation involving the Pensions Regulator, which included a material cash settlement, and a strengthened covenant through a change in sponsoring employer and a parent company guarantee
  • Handled a multi-party scheme merger proposal led by an overseas parent seeking to consolidate its UK pension arrangements, in which there were a number of complex issues to be considered, such as proposals to weaken the trustee’s powers, potentially detrimental covenant implications, and differing funding levels and investment strategies
  • Represented an Independent Governance Committee of a major pension provider on an industry-wide steering group conducting research on members’ perceptions of value for money in contract-based pension provision, aimed at leading to improvements in the quality of the service and product offering of all major UK pension providers
  • Has taken one of her schemes through a significant de-risking exercise, materially increasing the hedging ratio of the scheme, and significantly improving the value-at-risk metric through reducing the equity exposure
  • Led for the Trustee board in successfully negotiating two financial settlements with administrators following identification of errors with material implications for the scheme and affected members

Venetia in the news

LawDeb Pension Trustees is delighted to announce the appointment of Anna Eagles and Venetia Trayhurn to its trustee director team

Professional roles and qualifications

  • A qualified (non-practising) solicitor and associate member of the Association of Pension Lawyers
  • Council Member of the Society of Pension Professionals (SPP)
  • Member of the Pensions and Lifetime Savings Association (PLSA) Central London Group
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