Philip Goodchild

Partner

A pension law expert, Philip is well known for his work in a range of sectors, in particular corporate and not-for-profit. He advises trustees and employers on all manner of pension law issues. Philip is a partner in the advisory pensions law practice.

Philip’s experience in advising trustees and employers ranges from advising on liability reduction exercises such as ceasing accruals and buy in/buy out projects. After twenty five years in the industry there is virtually no area which Philip has not dealt with.

His technical skills and knowledge of general pension issues is of an extremely high level allowing him to provide clients with practical commercial advice regarding their pension arrangements.

Philip is a member of the Association of Pension Lawyers and a regular commentator on legal issues affecting pension provision in the press and industry publications. He has sat on the legislation sub-committee of the Society of Pension Consultants. He regularly speaks at seminars and workshops on topical legal issues. Philip is an accredited CEDR mediator.

Recent experience includes:

  • Advising Trustees of the Johnson and Johnson main final salary scheme on the demerger of Johnson and Johnson and splitting of its pension funds into two arrangements. Advising various funds on closure to benefit accruals and future benefit provision.
  • Advising the Covea insurance company UK pension fund / Horizon Social Housing on various projects to reduce liabilities and to rewrite the trust deed and rules and to assist with a project to coordinate professional adviser support across 3 group pension funds.
  • Providing strategic advice to the trustees of Paramount Pictures/UCI pension fund on scheme sectionalisation and advising the Trustees of the FM Global Pension plan on its change of principal employer and (post Brexit) change of principal sponsor to a company based in Luxembourg from England.

Philip is always available to discuss complex legal matters.

Chambers UK 2025
Insights

The Autumn Budget 2024: what does it mean for pensions?

Much of the Government's commentary in the run up to this week's Budget focussed on the "£22 billion black hole" the Chancellor has identified in the public finances. Indeed, those who played "Budget Bingo" while watching on Wednesday will have been excited to hear Rachel Reeves mention the £22 billion black hole no fewer than five times. The cost of current pensions tax relief is estimated to be £48.7 billion. So, no surprises that the Chancellor is seeking to plug that black hole with further limits on pensions tax relief.

Pensions and the Budget 2024

UK investment and value for money

Pensions briefing – a new defined benefit funding regime

Updated draft Regulations published