Legal Panel 2026

• Value: £3M

Multiple areas of law, and for which each bidding firm will need to confirm its capability to deliver at least 7 of the 9 of specialisms listed below (excluding “Other”): 1. Employment. 2. General Commercial Contracts including frameworks and Intellectual Property 3. Insolvency including Restructuring and Corporate 4. Information Security /Cyber 5. Litigation 6. Non-financial regulatory services including corporate governance, compliance, Data Protection, and company secretarial. 7. Pensions including contentious and non-contentious. 8. Public Law including but not limited to: Freedom of Information, State Aid, 9. Public Procurement providing commercially practical and pragmatic solutions, understanding PPF risk drivers. 10. Other – (Non exhaustive list includes Family Law / Criminal Law, Personal Injury / Debt Recovery / Asset Management / Real Estate)

• Value: £8M

Asset management services, including public markets investing, private placement transactions, investing into private funds (primary funds, co-investment funds and continuation vehicles), derivatives and general financial services and regulatory advice (including regulatory change projects and compliance queries related to the PPF’s core investment activities).

• Value: £2M

To provide legal advice to our appointed third-party asset manager in respect of the PPF’s real estate portfolio in relation to investment-related property transactions. Bidders must be able to provide all services as set out below in respect of real estate matters, unless for exceptional reasons such as jurisdiction. • Acquisitions • Disposals • Lettings • Licences: Assign – Underlet - Alterations • Estate Management Tasks: Variation of Lease – Consents – Rent Review Memo – Renewals (existing terms) • Agreement for Lease: Simple (unconditional) – Complex (Conditional) • Ad-hoc - Legal work relating to Real Estate instructions that doesn’t fall under the above tasks.

• Value: £3M

Firms on Lot 4 - Schemes in Assessment are an essential support to Trustees of Schemes that enter a PPF Assessment period by offering expert guidance on three core legal tasks: Benefit Specification, Admissible Rules, and Equalisation. During this period, they may also be called upon for ad-hoc matters such as Deeds of Removal and Appointment, Participating Employer queries, and other legal advice as needed. For schemes that are overfunded on a PPF basis and able to provide benefits above PPF compensation levels, the panel may assist trustees with the legal aspects of transacting to secure member benefits. Through timely and strategic advice, the legal panel supports informed decision-making, ensures regulatory compliance, and helps resolve legal complexities, safeguarding the interests of all stakeholders.