Daniel Bowman
Consultant
Dan advises trustee and corporate clients on all aspects of pensions law, with a focus on pragmatic and commercial solutions.
Consultant
Dan advises trustee and corporate clients on all aspects of pensions law, with a focus on pragmatic and commercial solutions.
Dan Bowman is an experienced and knowledgeable pensions consultant in the pensions group at Stephenson Harwood, based in London. He provides trustee and corporate clients with advice on all aspects of pensions law, including funding negotiations, proposed benefit changes, risk reduction strategies, and member disputes.
Dan Bowman is recognised for his ability to focus on clients’ needs and commercial challenges, providing them with pragmatic and commercial solutions to a wide range of pensions issues and developing trusted partnerships that endure over time.
His recent work includes advising clients on the legal aspects of a c. £250m bulk annuity transaction involving a captive insurer, a GMP conversion process, multiple member complaints regarding pension increases and the tax treatment of a c. £50m employer surplus payment from a legally sectionalised scheme.
Assisting trustee client with £250m bulk annuity transaction involving a captive insurer
Significantly contributed to successful completion of transaction, including reviewing/negotiating insurer playback of benefit specification and preparation of discharge letter, comfort letter, surplus augmentation agreement and advice on various matters including use of c. £40m surplusAdvising trustee client on c. £50m employer surplus payment from a legally sectionalised scheme
Advised client on potential penal tax consequences of payment and engaged KC to seek HMRC input on tax treatment of paymentManaging and being main point of contact for trustee client in relation to "simplification" exercise
Provided legal advice and documentation which contributed to successful completion of, chronologically, GMP Equalisation, GMP Conversion, bulk annuity transaction for DB contracted-out liabilities and bulk transfer of residual DC fundsManaging trustee client in relation to closure to future accrual exercise
Successful negotiation with sponsor of final salary link for affected members
