Photo, Tom McNaughton

Tom McNaughton

Of Counsel
Baker & McKenzie Services Limited


Tom is Of Counsel in the London office's Pensions Practice Group.

Tom advises both pension scheme trustees and their sponsoring employers in various industries, with particular experience in relation to industry-wide schemes. He covers a variety of areas including advising in relation to pension scheme mergers, de-risking exercises, corporate transactions and re-organisations, scheme benefit redesigns and restructurings (including closures to accrual and other liability management exercises). He also advises on a number of contentious matters as part of the Pensions Department's pensions disputes practice.

Representative Legal Matters

  • Advising the Trustee of the Merchant Navy Officers Pension Fund on various de-risking and insurance transactions as part of its strategic journey planning.

  • Acting in relation to litigation regarding potential changes to the inflation linking of defined benefit pension obligations.

  • Supporting a global technology firm on a strategic pensions consolidation exercise involving a one-time contribution of employer group shares through a bespoke funding vehicle.

Professional Associations and Memberships

  • Association of Pension Lawyers - Member
  • Association of Pension Lawyers - Member of Education & Seminars Committee


  • England & Wales~United Kingdom (2009)


  • BPP University Law School (LPC)
  • BPP University Law School (GDL)
  • University of Cambridge (BA, Mphil)


Co-author, "Creative funding strategies: Challenges and opportunities for scheme sponsors and the modern trustee," Pensions Age, March 2019 

Author, "PPF entry: The risk of overseas insolvency post-Olympic Airlines," PLC, October 2018

Author, "Abolition of DB contracting-out -- possible headaches for industry-wide schemes," PMI News, March 2015


Speaker, "I'm a UK sponsoring employer, get me out of here (re-visiting some potential issues on corporate restructuring in light of Brexit)," Association of Pension Lawyers Summer Conference, June 2018