Photo, Tom McNaughton

Tom McNaughton

Partner
Baker & McKenzie LLP

Biography

Tom is a partner 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

Admissions

  • England & Wales~United Kingdom (2009)

Education

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

Publications

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

Events

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