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Pensions law entails the processes and set of rules that govern workplace pensions. The law consists of the guidelines on how employees can manage and protect their pensions and get tax relief from the Government. Pensions law also provides answers to questions like what should an employee do to leave the workplace pension scheme or how to join the scheme.
The different kinds of pensions law jobs are pensions lawyers, pensions solicitors, and legal counsel. The entry requirements for the lawyers and solicitors who aspire to work in the pensions law can slightly vary depending on the experience required by the employers and job responsibilities. For instance, for a senior lawyer position 5 plus years of PQE is preferred.
The average per annum income for the pensions legal jobs differs depending on the kind of position, experience required and the contentious and non-contentious work the lawyers and solicitors have to do. Overall, the pensions lawyers and solicitors earn well, they are offered competitive salary packages with benefits like annual leaves, cycle to work scheme, and support staff bonus scheme.
You can make a lucrative career working as a pensions lawyer or solicitor if you have an interest and inclination to excel in this practice area. Gaining experience by working on a wide range of the pensions’ legal matters will improve your advisory, litigation, and other skills, making the job even more financially rewarding.
Currently, there are plenty of pensions lawyer jobs and solicitors’ vacancies in the UK. As long as the employers and employees need legal advice and assistance regarding the pension schemes, management, and protection of funds, these law jobs will stay in demand. Add appeal to your job application by making a professional profile on Simply Law Jobs!
Pensions legal jobs include the pensions lawyers, pensions solicitors, and the legal counsel. Pensions lawyers are required to have strong academics along with relevant experience and a practising certificate in England and Whales. They must have the essential legal knowledge of the Pensions Act 1995, Pensions Act 2004, Pensions Act 2008, and pertinent legislation. Legal firms prefer candidates with post-qualification experience in giving effective and tailored advice regarding pension law matters. The eligibility criteria for the pensions solicitors are that they have to be qualified solicitors with proven pension experience, must have updated knowledge of the pension legalities, and should know how to draft scheme documentation.
Pensions lawyers handle a broad range of pension matters for both the public and private sectors. They advise trustees of large occupational pension schemes and employers on the pensions matters. The lawyers draft scheme rules and other documents and interpret these rules. They also provide specialist advice for resolving disputes. The senior pensions lawyers guide the junior legal team. Pensions solicitor jobs’ responsibilities include advising on scheme funding, and investments and providing support on disposals, mergers, and acquisitions. They manage a mixed caseload including transactional pensions. Pensions litigation solicitors give counsel on Pension Regulator investigations and handle pension scheme documentation errors and the scheme’s dispute procedures.
Excellent communication skills both verbal and written are needed for pursuing a career in pensions law. As the legalities and procedures of this practice area are a bit technical, attention to detail is a must-have for the lawyers and solicitors. The ability to manage time and tasks will help with handling heavy caseloads without getting stressed. Individuals with commercial awareness, willingness to get involved in business development and stellar negotiation and persuasion skills will better fit in the pensions legal roles. Your dream job can be a click away. Sign into Simply Law Jobs for getting notified about the positions matching your expertise and experience!
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