David is a leading pension specialist covering all aspects of pensions law and litigation and the areas of insolvency and employment law where they impact pension issues.
David has combined expertise and experience as a barrister and as a solicitor in the area of pensions law and linked areas. David’s practice and experience has focuses on pension law issues and transactions involving pensions.
He has much experience of commercial transactions involving occupational pensions, including:
Company sales and acquisitions,
Tupe and employment issues,
pension scheme mergers, and
financing issues and pensions,
dividends and pensions;
pension regulator powers and sanctions;
pension scheme funding and surpluses.
Before being called to the bar, David was for 25 years a partner in the law firm Freshfields Bruckhaus Deringer, working while at the firm in both London and Singapore.
David’s specialist expertise and experience provides a unique offering to our clients in all aspects of contentious and non-contentious pension issues, and the related areas of insolvency and employment law.
David’s practice focuses on:
Pensions law
Insolvency law
Employment law (involving pensions)
Throughout his career, David’s practice has included advising employers and trustees in relation to pension law matters, including corporate transactions, scheme funding, scheme mergers, scheme changes, employer insolvency and Pensions Regulator issues.
David was chair of the Association of Pension Lawyers (APL) from 2001 to 2003.
David has published five books in the areas of pensions, insolvency and employment law:
“Pensions, Contracts and Trusts: Legal Issues on Decision Making: Applying Braganza”;
“The Law of Pension Trusts”;
“Corporate Insolvency: Employment and Pension Rights”; and
“Employment Law and Pensions”; and
“Connected and Associated: Insolvency and Pensions Law”.
David is an editor of the quarterly journal “Trust Law International”. He was also on the editorial board of the “Occupational Pensions Law Reports” and is on the advisory board for the Pensions section in Practical Law.
David’s practice as a barrister, and before that as a partner in a law firm, includes advising employers and trustees in relation to pension law matters, including corporate transactions, scheme funding, scheme mergers, scheme changes, employer insolvency and Pensions Regulator issues.
David’s major work includes:
Corporate Transactions
Advising employers, trustees and shareholders on the pensions and employment implications of corporate transactions. Including dealing with section 75 debt implications (such as drafting and implementing scheme apportionment arrangements (SAAs) and flexible apportionment arrangements (FAAs)), funding issues, Take-over Code issues; trustee powers and implications of the powers of the Pensions Regulator (including numerous clearance applications and negotiations).Advised on corporate transfer issues in relation to pensions, setting up new schemes and issues under Tupe.
Scheme changes and mergers
Advising employers and trustees on issues arising from scheme changes, including equalisation (Barber), discrimination issues, scheme closures, external contracts, appointment and removal of trustees, changes to corporate trustee structures. employer consultation obligations (Tupe and Pensions Act 2004); taxation implications of changes. Advising on scheme mergers and bulk transfers.
Scheme funding
Advising employers and trustees on scheme funding and security issues, including guarantees, funding arrangements, grant of security, reservoir trusts and charged accounts; use of Scottish limited partnership structures and investment issues. Advised on the implications of various employer events (eg dividends, reduction of capital). Advised on salary sacrifice arrangements.
Employer Insolvency
Advising employers, trustees, insolvency practitioners and third-parties on the implications of employer insolvency, including section 75 debt issues, arrangements with the Pensions Regulator and the Pension Protection Fund (including regulated apportionment arrangements).
Litigation
David’s noteworthy litigation cases (including before joining the bar) include:
Merchant Navy Ratings Trustee v Stena [2022] Acting for representative beneficiaries (with Michael Tennet KC) in relation to settlement of a ill-health early retirement issues. Settlement approved by Bacon J in February 2022.
Manning v Drexel Burnham Lambert [1995] 1 WLR 32 (a decision of Lindsay J dealing in particular with conflict issues for trustees), acting for the trustees on the winding-up of a scheme;
BESTrustees plc v Kaupthing Singer & Friedlander Ltd [2012] EWHC 629 (Ch) and [2013] EWHC 2407 (Ch) (separate decisions of Sales J and then Etherton C on two separate issues on how a s75 debt should be calculated). Acting for the administrators of the employer;
Re Nortel Networks Corpn 2014 ONSC 6973 (a decision of Newbould J in Ontario on the ability of the Pensions Regulator to issue a financial support direction on a holding company). Advising the insolvency practitioners acting over the Canadian parent company.
Initial stages of dealing with the Pensions Regulator in relation to its use of statutory ‘moral hazard’ powers under the Pensions Act 2004.
David has advised as an expert on UK pensions law in overseas legal proceedings.
Employment
David has a strong reputation in, and knowledge of, employment law, in particular pensions and insolvency related issues. The second edition of David’s book “Employment Law and Pensions” was published by Bloomsbury Professional in 2023.
David has written articles for The Industrial Law Journal. David is a member of the Industrial Law Society (ILS) and has spoken several times at its annual conference and evening seminars. He has a particular interest in complex areas (eg pensions and tupe).
APL
David was chair of the Association of Pension Lawyers (APL) from 2001 to 2003. He is currently on the APL Communications committee, having previously been on the APL’s Education & Seminars and Legislative & Parliamentary committees. The APL awarded David its ‘Wallace Medal’ in 1998 and again in 2015 (for excellence on communicating pensions issues). David has a regular column in the newsletter of the APL, with monthly entries:
“Pollard’s Picks” (a listing of recent legal articles of interest); and
“Add Spice to Your Advice” (regular quotes of interest, mainly from judgments).
Pensions Crimes and Fines: Directors (and others) who consent, connive or neglect
David Pollard and Sebastian Allen gave a seminar to the Association of Pension Lawyers (APL) in June 2025 on: Pensions crimes and fines: Where a company is liable, what is the secondary person extension to third parties: “a director, manager,... Read more
By David Pollard | Sebastian Allen Wednesday 20 August 2025
Employer discretions about surplus: Employer’s powers and discretions on scheme winding-up
David Pollard has written a paper on surplus in trust based occupational pension schemes dealing with the position on a scheme winding-up. This followed a session at the annual conference of the Association of Pension Lawyers (APL) last year. Surplus... Read more
Part A1 insolvency act moratorium – impact on employees and pensions
David Pollard has written an article on “Insolvency Act 1986 – The New Part A1 Moratorium: Impact on Employees and Pensions” [2025] Journal of Business Law p192 This article focuses on the impact on employees or pensions where a company... Read more
David practices in insolvency law – mainly on the pensions and employment side.
His book on corporate insolvency issues on the intersection of insolvency law with pensions and employment rights is the main work on the topic. The seventh edition was published in October 2022.
David has given talks to insolvency organisations and in past years has contributed to submissions by R3 on various employment and pensions issues.
He has published in Insolvency journals (Recovery, Insolvency Intelligence) and given talks at insolvency conferences (ILA, INSOL, R3).
David’s noteworthy litigation cases (including before joining the bar) include:
BESTrustees plc v Kaupthing Singer & Friedlander Ltd [2012] EWHC 629 (Ch) and [2013] EWHC 2407 (Ch) (separate decisions of Sales J and then Etherton C on two separate issues on how a s75 debt should be calculated). Acting for the administrators of the employer;
Re Nortel Networks Corpn 2014 ONSC 6973 a decision of Newbould J in Ontario on the ability of the Pensions Regulator to issue a financial support direction on a holding company. Advising the insolvency practitioners acting over the Canadian parent company.
Part A1 insolvency act moratorium – impact on employees and pensions
David Pollard has written an article on “Insolvency Act 1986 – The New Part A1 Moratorium: Impact on Employees and Pensions” [2025] Journal of Business Law p192 This article focuses on the impact on employees or pensions where a company... Read more
Substantial Disposals by Administrators in the First Eight Weeks: When is the purchaser a “connected person” and when is an evaluator independent?
David Pollard has published a three part article on Substantial Disposals by Administrators in the First Eight Weeks: When is the purchaser a “connected person” and when is an evaluator independent? Published in the journal International Corporate Rescue, it discusses the... Read more
Connected or Associated? Some tricky issues on ‘control’ in section 435(10), Insolvency Act 1986 (APL conference, Dec 2017) (with Dawn Heath) (2018) 31 Insolv. Int. 33-57
Trustees and Fiduciaries: the limits on any “no fetter” rule Part 1: (2014) 28 Tru LI 105 Part 2: (2014) 28 TLI 191
Book Chapters:
Decision making in trusts: Applying Wednesbury reasonableness after Braganza chapter 11 in Trust and Private Wealth Management (Nolan, Man Yip and Tang eds, Cambridge University Press, 2023)
Pension Rights and Funds, chapter 18 in Research Handbook on Corporate Restructuring (Paul Omar and Jennifer Gant eds, Edward Elgar Publishing, 2021)
Interpretation of Pension Trusts: Applying the general rules?, chapter 4 in Pensions: Law Policy and Practice (Agnew, Davies and Mitchell eds, Hart Publishing, 2020)