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Portrait of James Parker

James Parker

Partner

CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
Languages English, French, German

James Parker is a partner in the Pensions team and a member of the Pensions De-Risking team, a specialist, multi-disciplinary team devoted to transactions in the longevity risk transfer market.

James' practice spans domestic and international corporate, insurance, reinsurance and structured finance transactions. He has a long-established reputation as a leader in the longevity and pension de-risking market, having acted on many of the largest and highest-profile transactions announced to date.  

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James is valued by his clients for his “commerciality”, “dedication” and “proactivity”.

James was first ranked in Chambers in 2013. In 2016, James receives praise for his work on pension de-risking and longevity transactions. Sources say he "knows his onions" and has an ability to "explain things in simple ways."

James’ experience is described by his clients as “unique in the market. There is a lot of value add.” He is described by the CEO of one of his principal clients as simply “great; I would recommend him to anyone.”

"James is recommended as a leader and profiled for his work on Derivatives & Structured Products."

Legal 500

Relevant experience

  • Pension Insurance Corporation in relation to the GBP 1.6bn bulk annuity pension buy-in policy with the Total UK Pension Scheme and the associated reinsurance arrangements.
  • SCOR Global Life in relation to the GBP 5 billion reinsurance of the Aviva Staff Pension Scheme, a pension fund of Aviva Life & Pensions UK Ltd.
  • Abbey Life Assurance Company Limited in relation to a GBP 2bn longevity insurance transaction with the Trustee of the ScottishPower Pension Scheme and the associated reinsurance arrangements.
  • SCOR Global Life in relation to the reinsurance of a CAD 5bn longevity insurance transaction between Sun Life Assurance Company and the Bell Canada pension plan, the first such transaction in Canada.
  • Abbey Life Assurance Company Limited in relation to a GBP 500m longevity insurance transaction with the trustees of the Rolls-Royce & Bentley Pension Fund and the associated reinsurance arrangements with Hannover Re.
  • SCOR Global Life in relation to the 50% quota share reinsurance of EUR 1.4 billion of longevity/mortality risk hedged by Blue Square Re, Aegon's group reinsurer.
  • The Trustees of the PGL Pensions Scheme in relation to the GBP 900 million longevity insurance transaction with Phoenix Life Limited (Phoenix), part of Phoenix Group Holdings, a FTSE 250 company.
  • SCOR Global Life in relation to the reinsurance of a proportion of the GBP 3bn longevity risk written by Deutsche Bank AG in derivative form with the trustees of the Rolls-Royce UK Pension Scheme
  • Abbey Life Assurance Company Limited in relation to a GBP 3bn longevity insurance transaction with the trustees of the BMW UK Pension Scheme and the associated reinsurance arrangements.
  • The Trustees of the Pall UK Pension Scheme on the first index-based longevity derivative covering deferred members. 
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Publications

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Education

  • 1995 - BA French and German, Bristol University, Bristol
  • 1997- College of Law, Guildford
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Feed

21/09/2022
CMS Pen­sions Brief­ing: In­vest­ment and Risk
Wel­come to our latest brief­ing on top­ic­al is­sues fa­cing oc­cu­pa­tion­al pen­sion schemes in the risk and in­vest­ment spheres.Since our last edi­tion, risk and in­vest­ment is­sues con­tin­ue to dom­in­ate the agen­das...
16/06/2022
CMS ad­vises De La Rue Trust­ee on £320m buy-in with Scot­tish Wid­ows
In­ter­na­tion­al law firm CMS has ad­vised the Trust­ee of De La Rue Pen­sion Scheme (the Trust­ee) in re­la­tion to its £320m buy-in with Scot­tish Wid­ows.The trans­ac­tion cov­ers the li­ab­il­it­ies for ap­prox­im­ately...
15/02/2022
CMS ad­vises SCOR on £5.5bn Lloyds Bank longev­ity trans­ac­tion
In­ter­na­tion­al law firm CMS has ad­vised SCOR, one of the world's largest re­in­surers, in con­nec­tion with its £5.5 bil­lion longev­ity re­in­sur­ance trans­ac­tion, cov­er­ing li­ab­il­it­ies of over 17,000 mem­bers...
10/02/2022
CMS ad­vises Heath­row’s BAA Pen­sion Scheme on £370m buy-in with Leg­al &...
In­ter­na­tion­al law firm CMS has ac­ted for the Trust­ee of Lon­don Heath­row’s BAA Pen­sion Scheme (the Scheme) in re­la­tion to its c£370m buy-in with Leg­al & Gen­er­al As­sur­ance So­ci­ety Lim­ited (Leg­al & Gen­er­al). The...
14/01/2022
CMS ad­vises Im­per­i­al To­bacco Pen­sion Fund on £1.8bn buy-in with Stand­ard...
In­ter­na­tion­al law firm CMS has ad­vised the Im­per­i­al To­bacco Pen­sion Fund (“The Fund”) in re­la­tion to its £1.8bn bulk pur­chase an­nu­ity trans­ac­tion with Stand­ard Life, cov­er­ing be­ne­fits of 6,600 defined...
20/10/2021
CMS Pen­sions Brief­ing: In­vest­ment and Risk
Wel­come to our latest brief­ing on top­ic­al is­sues fa­cing oc­cu­pa­tion­al pen­sion schemes in the risk and in­vest­ment spheres.A key theme for the past six months since our pre­vi­ous brief­ing has been the growth...
08/07/2021
CMS ad­vises Com­mon­wealth Bank of Aus­tralia pen­sions scheme trust­ee on c.£420m...
In­ter­na­tion­al law firm CMS has ac­ted as leg­al ad­viser to the Trust­ee of the Com­mon­wealth Bank of Aus­tralia (UK) Staff Be­ne­fits Scheme (the Scheme) in re­la­tion to a c.£420m full buy-in with Leg­al & Gen­er­al...
28/04/2021
CMS and Wil­lis Towers Wat­son ad­vise on £6 bil­lion longev­ity swap
Wil­lis Towers Wat­son and CMS have ac­ted for the trust­ees and as lead ad­visers to the Joint Work­ing Group of a large UK pen­sion scheme on a £6 bil­lion longev­ity swap.  The longev­ity swap pro­tects the...
27/04/2021
CMS Pen­sions Brief­ing - In­vest­ment and Risk
Wel­come to the first of our new reg­u­lar brief­ings on top­ic­al is­sues re­lat­ing to in­vest­ment and risk man­age­ment.In this brief­ing we ex­plore some key news stor­ies for UK defined be­ne­fit and defined con­tri­bu­tion...
16/02/2021
CMS ad­vises Deutsche Bank Pen­sion Scheme Trust­ee on stra­tegic £570m buy-in
In­ter­na­tion­al law firm CMS has ad­vised the Trust­ee of the DB (UK) Pen­sion Scheme (the Scheme) in re­la­tion to a £570 mil­lion pen­sion­er buy-in trans­ac­tion with Leg­al & Gen­er­al As­sur­ance So­ci­ety Lim­ited...
11/11/2020
CMS ad­vises Baker Hughes pen­sion plan trust­ees on £100m buy-in trans­ac­tion
In­ter­na­tion­al law firm CMS has ad­vised the Trust­ees of the Baker Hughes (UK) Pen­sion Plan on a £100m buy-in trans­ac­tion with Just Group, a spe­cial­ist UK fin­an­cial ser­vices group in­vest­ing in the UK re­tire­ment...
28/07/2020
CMS ad­vises LV= Em­ploy­ee Pen­sion Scheme on £800m buy-in and longev­ity swap...
In­ter­na­tion­al law firm CMS has ad­vised the Trust­ee of the LV= Em­ploy­ee Pen­sion Scheme on the con­ver­sion of a longev­ity swap held with Re­As­sure (re­in­sured by Swiss Re) in­to an £800m buy-in with Phoenix...