Venetia Trayhurn

Pension Trusteeship

Venetia joined Law Debenture recently. She is currently building her portfolio of schemes and supporting colleagues on existing client arrangements, as well as bidding for new appointments.

Venetia has extensive previous experience advising and working alongside trustee boards, employers and other pensions professionals, as an occupational pensions lawyer in private practice and in-house, working with a wide range of defined benefit, defined contribution and hybrid schemes.

She also has in-depth experience of contract-based pension arrangements, having spent three years as an Ombudsman in the Pensions team at the Financial Ombudsman Service.

Particular expertise

  • Administration and governance - scheme documentation and administration of defined benefit and defined contribution schemes; member communications; trustee board governance; trustee training; trustee and adviser selection exercises; managing adviser relationships and fee arrangements
  • Dispute resolution and litigation – member complaints; root cause analysis; Pensions Ombudsman appeals; managing Part 7 and Part 8 court proceedings; professional negligence settlements
  • Re-structuring – benefit changes; closure to future accrual; wind-ups; scheme mergers; corporate activity and negotiation of acceptable mitigation packages for defined benefit pension schemes
  • DC – guiding trustee boards on fund selection and oversight; regulatory framework and administrative issues of implementing Pension Freedom and Choice reforms

Background

Venetia trained at CMS Cameron McKenna LLP, and qualified as a lawyer in their top tier pensions team. Her advisory practice there was wide-ranging, predominantly with a trustee client base, working to support the pension schemes of many household names. A significant proportion of her work was in pensions dispute resolution, including litigation and settlements.

Venetia then moved in-house as Senior Pensions Lawyer for Lloyds Banking Group, with strategic oversight of all material issues affecting its various occupational pension arrangements, including the impact of corporate activity by sponsoring employers. Most recently, Venetia has worked as an Ombudsman in the Specialist Investments/Pensions team at the Financial Ombudsman Service, where she made legally binding determinations on complaints brought against contract-based pension providers, SIPP trustees and financial advisers.

Venetia has an MA in Philosophy and Social Anthropology from the University of St Andrews.

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