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Peter Fahy, Partner

Peter Fahy

Partner

Practice areas

  • Financial services
  • HR Consultancy
  • Insurance and reinsurance
  • Pensions

Practice notes

Peter is Head of Eversheds Sutherland Irish Pensions Group. He is acknowledged as a leading expert on pensions law and speaks regularly on pensions law both to academic institutions and at industry conferences. He comments regularly on pensions issues for television and radio. He is ranked as a band 1 lawyer in pensions in the Chambers Europe Guide.

Peter Fahy is "a very talented and committed pensions lawyer." - Chambers Europe

"His knowledge of pension law is second to none" - Chambers Europe

"His foresight and anticipation of possible future issues is outstanding" - Chambers Europe

"He is recognised in the market as an expert in pensions issues and regularly assists high-profile international and domestic clients with compliance issues, litigation and the pensions aspects of transactions." - Chambers Europe

"He provides a practical approach which understands the business perspective and the subtleties needed for complex and sensitive situations" - Chambers Europe

Peter Fahy "is extremely responsive, knowledgeable and customer-focused. He provides practical advice that we can use in terms of translating the law into specific actions for the customer. He is very good at seeing solutions and advising on the best one" - Chambers Europe

"He is clearly occupying an intellectual space that not many others do. He is the brightest in the room, brings people with less legal knowledge up to speed and can help the client to understand" - Chambers Europe

‘Peter Fahy’s ability to foresee and anticipate issues is superb. Your legal advisor being able to anticipate an issue and know exactly how to address it is invaluable – it saves time, money and stress. Peter’s knowledge of pensions law is second to none.’ - Legal 500

‘Peter Fahy is a technically excellent lawyer who is very responsive and navigates his clients skilfully through the maelstrom of laws ancient and modern and the operational and practical implications of shares and benefits schemes. As head of the practice, Peter has done a great job of attracting and retaining excellent colleagues at partner and associate level.’ - Legal 500

‘Peter Fahy is an outstanding pensions and employee benefit schemes lawyer combining meticulous drafting with a superb grasp of the policy issues and drivers behind the working of and developments in this sector. Peter is very responsive to and supportive of his clients needs, both current and on a forward-looking basis. He has the gravitas to get the message across clearly to non-lawyer clients in a very user-friendly manner and on a pragmatic basis.’ - Legal 500

‘Peter Fahy has proven to be very knowledgeable, diligent and proactive in looking out for the best interest of our company. (He is) especially good at providing prompt responses.’ - Legal 500

Peter Fahy has "unparalleled experience" - Legal 500

Peter is a former Chairman of the Irish Association of Pension Funds and is a former chairman of the Law Reform Committee of the Law Society of Ireland and a former Council member of the Association of Pensions Lawyers in Ireland.

Peter has experience as a director of Bord na Móna ESOP Trustee, TSB ESOP Trustee; and ACC Bank ESOP Trustee.

He has chaired a number of prominent regulatory committees, including the International Committee of the Irish Association of Pension Funds and the Law Reform Committee of the Law Society.

Peter‘s experience includes:

  • Advising AIB plc on the pension aspects of its flotation and on a number of market leading transactions and innovations concerning its defined benefit and defined contribution pension arrangements;
  • Advising on a number of major pension de-risking transactions, including a €400 million collateralised insurance transaction and a €300 million captive annuity transaction, and several cross-border transactions;
  • Advising on the establishment of an innovative cross-border pension scheme with a multi-employer structure;
  • Advising on the transfer of several Irish defined benefit schemes to a Belgian IORPs;
  • Advising an employer on a €150 million enhanced transfer value exercise, one of the largest undertaken in Ireland;
  • Advising a pension scheme on the transfer of a €300 million investment portfolio to a new fiduciary provider;
  • Advising on the transfer into the State of the funded pension schemes of the National Tourism Development Authority; 
  • Acted on the landmark Omega Pharma case defining the scope of sponsor pension obligations in Ireland;
  • Successfully represented the Financial Services and Pensions Ombudsman on a number of High Court appeals of his pensions determinations; 
  • Advising on the wind up of the INM plc defined benefit schemes; 
  • Acting for the defendant disabled pension scheme beneficiaries in the landmark rectification case of Boliden Tara Mines v Cosgrove and Others; and 
  • Advising the pension trustees on the £3.28 billion sale of Standard Life Aberdeen’s insurance business to Phoenix Group.