Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Join our legal team to advise on innovative pension risk transfer solutions.
- Company: M&G, a leading savings and investments firm with over 175 years of heritage.
- Benefits: Enjoy 38 days annual leave, flexible working, and a generous pension scheme.
- Why this job: Make a real impact in the evolving pensions de-risking market.
- Qualifications: Qualified lawyer with 4+ years in pensions de-risking.
- Other info: Inclusive culture with support for diverse communities and career breaks.
The predicted salary is between 36000 - 60000 £ per year.
Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions. Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent. We will consider flexible working arrangements for any of our roles and also offer workplace accommodations to ensure you have what you need to effectively deliver in your role.
Purpose
We are looking for an experienced pension risk transfer lawyer to join as a permanent member of the M&G Legal team, focusing on advising our growing pensions de-risking business on all aspects of insured risk transfer arrangements. The ideal candidate will have strong transactional experience of not just buy-in/buy-out transactions, but also associated solutions, and will have a strong interest in the development of innovative de-risking solutions tailored to the complex needs of corporate and institutional clients.
Key Responsibilities
- The role encompasses a broad range of legal skills, covering legal advisory, transaction structuring and execution, drafting and negotiating transaction documentation, regulatory work and supporting the company’s strategic projects.
Job & Personal Skills:
- This full-time role will cover legal advisory, structuring, product building, transaction execution and supporting key corporate and regulatory change projects.
Key competencies:
- A deep understanding of the pension sector, specifically the de-risking market, with experience and knowledge across the market.
- Strong experience in advising on bulk annuity transactions, and the de-risking of defined benefit pension schemes.
- Experienced in drafting and negotiating transaction documents.
- Ideally this will be experience of acting for insurance companies/other pension product providers, but helpful to have experience acting for sponsoring employers/trustees.
- Experience with longevity swap transactions and funded and longevity reinsurance transactions.
- Proven capability in managing external counsel and capable of building and developing relationships with key internal stakeholders.
- Capable of acting as a business partner to the relevant business teams.
Personal qualities:
- Strong drafting and analytical skills and attention to detail.
- Brings strong judgement and is decisive.
- Intellectually curious with a desire to learn and develop their skills.
- A willingness to challenge/debate and offer own views.
- Tenacious, willing to go beyond the job description.
- Transparent and a good communicator.
- Works most effectively when collaborating within the team and across other functions.
- Resilience and strength of character that enables effective communication across all levels of the organisation.
- Flexible with the ability to adapt to changing priorities and fluid deadlines.
Qualifications
- Qualified lawyer (there is no requirement that the candidate must be English qualified) (Essential).
Knowledge & Experience
- Pensions de-risking lawyer with at least 4+ years PQE working in the pensions team of a law firm and/or in-house team of an insurer/other market player in the de-risking space. (Essential)
- Strong academic credentials.
What we offer:
At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:
- As a savings and investments firm, we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions.
- Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.
- Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.
- Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options - for peace of mind.
We have a diverse workforce and an inclusive culture at M&G, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks. M&G is also proud to be an equal opportunity employer, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us.
Legal Counsel - Pension Derisking in London employer: M&G
Contact Detail:
M&G Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Legal Counsel - Pension Derisking in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the legal and pensions sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching M&G’s approach to pension de-risking. Familiarise yourself with their recent projects and innovations. This will show you’re genuinely interested and ready to contribute to their mission.
✨Tip Number 3
Practice your pitch! Be ready to explain how your experience aligns with the role of Legal Counsel in pension risk transfer. Highlight your transactional experience and how it can benefit M&G’s growing business.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re keen on joining our team at M&G and contributing to our legacy of innovation.
We think you need these skills to ace Legal Counsel - Pension Derisking in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in pension de-risking. We want to see how your skills align with the role, so don’t hold back on showcasing your relevant achievements!
Showcase Your Legal Expertise: When writing your application, emphasise your transactional experience and any specific cases you've worked on. We’re looking for someone who can hit the ground running, so let us know how you’ve tackled similar challenges before.
Be Authentic: Don’t be afraid to let your personality shine through in your application. We value transparency and good communication, so share your thoughts on the pension sector and why you’re passionate about this area of law.
Apply Through Our Website: We encourage you to submit your application directly through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at M&G
✨Know Your Pensions Inside Out
Make sure you brush up on your knowledge of the pensions de-risking market. Understand the nuances of buy-in/buy-out transactions and longevity swaps, as well as the latest trends in the sector. This will not only help you answer questions confidently but also show your genuine interest in the role.
✨Prepare for Scenario-Based Questions
Expect to be asked about specific scenarios related to transaction structuring and execution. Think of examples from your past experience where you successfully navigated complex legal challenges or negotiated key documents. This will demonstrate your practical skills and ability to think on your feet.
✨Showcase Your Communication Skills
As a Legal Counsel, you'll need to communicate effectively with various stakeholders. Prepare to discuss how you've built relationships with internal teams or managed external counsel in previous roles. Highlight your ability to convey complex legal concepts in a clear and concise manner.
✨Demonstrate Your Adaptability
The role requires flexibility and the ability to adapt to changing priorities. Be ready to share examples of how you've successfully managed shifting deadlines or unexpected challenges in your previous positions. This will illustrate your resilience and readiness to thrive in a dynamic environment.
