Tom McNaughton
Biography
Tom is a Partner in the London office's Pensions Practice Group.
He advises both pension scheme trustees and their sponsoring employers in various industries, with particular experience in relation to industry-wide schemes. He has a strong interest in helping trustees and employers manage the risks associated with their schemes, whether through bespoke funding arrangements or risk transfer solutions. He has advised corporate sponsors on some of the largest pension insurance transactions in the market. He also advises on a number of contentious matters as part of the Pensions Department's disputes practice with experience of conducting pensions litigation in the High Court and Court of Appeal.
Representative Legal Matters
- Advising a number of pension scheme corporate sponsors on significant pension insurance risk transfer deals ranging between around GBP 500 million and GBP 5 billion.
- Advising a FTSE 100 listed group on its pension de-risking strategy.
- Supporting the Merchant Navy Officers Pension Fund on on various de-risking and insurance transactions as part of its strategic journey planning.
- Supporting a global IT consulting client on strategic projects to manage the cost of its scheme funding obligations, through non-cash funding plans, contingent assets and scheme consolidation.
- Leading on pensions litigation in the High Court and Court of Appeal, including cases on inflation linking of pension liabilities and the interpretation of complex scheme funding rules.
- Supporting trustees on the practical resolution of disputes where material benefit calculation errors have occurred.
Professional Honors
- "Next Generation Partner" Legal 500 (2025)
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)
Firm Committee Memberships
- BakerWellbeing Steering Committee, London Office
- Pensions Governance Committee, London Office