Running a pension scheme is a complex business.


The legal duties of trustees are high and the demands of trust law and pensions legislation mean that it is easy for schemes to fall foul of The Pensions Regulator (TPR) or the Pensions Ombudsman.

Sovereign Trustees Ltd (STL) is the pension and life assurance trustee company of Addleshaw Goddard. Whether you have a specific one-off matter that needs careful handling or need trustee secretarial services, STL can help. Our experience brings impartiality and professional guidance to your trustee board.

Our work has seen us acting as a professional independent trustee on a temporary or permanent basis; as an independent chair of trustees; as trustee to help with the winding up of a pension scheme; and providing secretarial services.

More on our experience can be found below. Alternatively, please don't hesitate to get in touch with one of our specialists.

Extensive experience

Our expertise includes:

  • Acting as an independent trustee of all sorts of occupational pension schemes, including defined benefit (final salary, and CARE), defined contribution, hybrid, and GAD-certified
  • Dealing with TPR on matters including funding and clearance
  • Negotiating with employers on funding and valuations, especially in situations with weak or even distressed employer covenants
  • Responding to and implementing buy out/buy in, liability management, de-risking, investment strategy review and other scheme change projects
  • Dealing with pension scheme aspects and implications of employer restructuring
  • Assisting with the identification and management of trustees' conflicts of interests
  • Managing other professional advisers including managing adviser review and reengagement projects
  • Handling responses to formal member complaints including Pensions Ombudsman complaints

Key contacts

Meet the team
Rachel Rawnsley

Rachel Rawnsley

Partner, Head of Pensions
United Kingdom

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Catherine McAllister

Catherine McAllister

Partner, Pensions
United Kingdom

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Jade Murray

Jade Murray

Partner, Pensions
United Kingdom

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Rachel Uttley

Rachel Uttley

Partner, Pensions
United Kingdom

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