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Peter Fahy, Partner

Peter Fahy

Partner

Practice areas

  • Financial institutions
  • 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 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 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.

Eversheds was awarded Pensions Law Firm of the Year at the European Pensions Irish Awards in both 2012 and 2013.

 

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