Keith is a pensions advisory partner in the Recovery and Re-organisation practice of Grant Thornton UK. He has specialised in providing covenant and affordability advice to Trustees and Employers since 2005 and has over 25 years' experience in recovery and reorganisation work.
In addition to the provision of covenant advice in support of scheme valuation, Keith has advised on the impact on covenant of transactions such as share and asset sales, refinancings, private equity transactions and Clearance applications with the Pensions Regulator (tPR) and the Pension Protection Fund (PPF). He has advised in single and multi-employer situations, many involving overseas ownership and listed companies.
Keith also provides negotiation assistance and advice to trustees and companies with regard to affordability and mitigation, arising from transactions including the use of contingent assets. He has been involved in a number of substantial corporate and pension scheme restructurings involving scheme apportionment and PPF entry via Regulated Apportionment Arrangements. He provided advice to the PPF in the groundbreaking pension scheme debt-for-equity swap at Uniq plc and advised the pension scheme trustees in the recent restructuring of UK Coal plc, where the scheme took a 75% stake in the property side of the business.
Keith's expertise covers:
- Construction & contracting
- Motor retail & finance
- Food, drink & agribusiness
- Professional Services
- FCA – ICAEW
- Licensed Insolvency Practitioner