Paul Anthony Clive Stannard

Education

Stannard holds a Master of Arts from the University of Cambridge. He was admitted to the bar in England in 1982, establishing the professional foundation for his subsequent career in pensions law.

Career

Stannard began his legal career at Rowe & Maw, where he became a partner. He later joined Travers Smith, becoming a partner in its pensions practice and serving as head of pensions. At Travers Smith he advised trustees, employers, and other stakeholders on complex occupational-pension matters, including pension-scheme funding, restructuring, de-risking, governance, and litigation. His documented matters included the Merchant Navy Ratings Pension Fund litigation for Stena Line, the separation of the British Steel Pension Scheme from Tata Steel, the proposed acquisition of AGA Rangemaster by The Middleby Corporation, and the £2.5 billion partial buy-out of the TRW Pension Scheme. In 2019 he was identified as a pensions partner advising Clara-Pensions and the Trustee of Clara Pension Trust. He became a senior consultant at Travers Smith after leaving the firm's LLP membership in 2020.

Achievements

• Led Travers Smith's legal work for Stena Line in the Merchant Navy Ratings Pension Fund litigation, securing a landmark ruling concerning the fund's funding regime and the status of the scheme.

• Advised the trustee of the British Steel Pension Scheme on its separation from Tata Steel in one of the UK's largest pension-scheme restructurings.

• Advised on the £2.5 billion partial buy-out of the TRW Pension Scheme, a major pension de-risking transaction.

• Advised Middleby on pension aspects of its proposed acquisition of AGA Rangemaster Group.

Membership

Stannard has participated in the work of the Pensions Policy Institute, serving on its Council from 2007 and subsequently as a director. He is also listed among the institute's governors.

• Served on the institute's Council from 2007 and subsequently served as a director; he is also listed among its governors.

  Pensions Policy Institute , United Kingdom

  2007 - present

Personality

Quotes from others about the person

• In connection with the Merchant Navy Ratings Pension Fund litigation, Stannard described the result as beneficial both to Stena Line and other current employers and to the fund's members, emphasizing the importance of stronger support for the pension scheme.

References

• Travers Smith: British Steel Pension Scheme separation from Tata Steel Documents Stannard's role as a Travers Smith pensions partner advising the trustee of the British Steel Pension Scheme on its separation from Tata Steel.
  2017
• Travers Smith helps Stena Line achieve landmark ruling in Merchant Navy Ratings Pension Fund litigation Documents Stannard's leadership of the Travers Smith team acting for Stena Line in the Merchant Navy Ratings Pension Fund litigation.
  2014
• Travers Smith secures appointment as new legal adviser to Clara-Pensions and the Trustee of Clara Pension Trust Documents Stannard's role as a pensions partner on Travers Smith's team appointed to advise Clara-Pensions and the Trustee of Clara Pension Trust.
  2019
• Middleby in acquisition proposal with AGA Documents Stannard's role leading the pensions advice provided by Travers Smith in Middleby's proposed acquisition of AGA Rangemaster Group.
  2015
• Pensions supremo Reports Stannard's recognition as a leading pensions lawyer and negotiator in a Pensions World survey.
  2012