Allen & Overy named De-risking Consultant of the Year at FT pension and investment awards

Allen & Overy has been named the De-risking Consultant of the Year at the FT Pension and Investment Provider Awards 2014.

The judges were impressed by the firm’s achievement of completing a major pension scheme de-risking transaction for the Trustee of the InterContinental Hotels UK Pension Plan in just 19 days, securing a deal with a £440m policy value covering around 3,000 members.

The judges acknowledged that it was an unprecedented step to give this particular award to a law firm; their decision was based on Allen & Overy’s strength in advising trustees and sponsors of defined-benefit pension schemes on buy-outs, buy-ins and longevity swaps, using the key criteria of performance, innovation and service standards. They were also impressed with the pensions team’s podcast service for clients.

The awards were open to actuarial and investment consultants, accountants, investment managers and law firms together with other pensions industry consultants and advisers; submissions were judged by a panel of pensions industry experts from a range of companies and groups. 

Pensions partner Neil Bowden received the award for the team.