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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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Education

  • 1995 - BA French and German, Bristol University, Bristol
  • 1997- College of Law, Guildford
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16 February 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 November 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 July 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...
17 December 2019
CMS ad­vises FTSE100 pen­sion scheme on ground-break­ing £800m longev­ity swap...
CMS in Lon­don has ac­ted for a FTSE100 pen­sion scheme on the com­ple­tion of a longev­ity swap trans­ac­tion with Zurich and Han­nov­er Re, cov­er­ing around £800 mil­lion of pen­sion­er li­ab­il­it­ies. The trans­ac­tion...
26 September 2019
CMS ad­vises GEC 1972 Plan on UK’s biggest ever pen­sion trans­fer deal
CMS is pleased to have ad­vised Stan­hope Pen­sion Trust, trust­ee of the GEC 1972 Plan, on a £4.7bn pen­sion buy-out trans­ac­tion with Rothesay Life. CMS was ap­poin­ted by the trust­ee to ad­vise spe­cific­ally...
17/02/2016
Life, pen­sions & longev­ity risk
The longev­ity and pen­sions risk trans­fer mar­ket has seen sub­stan­tial in­nov­a­tion and ex­pan­sion in re­cent years, driv­ing ever closer con­ver­gence between the in­sur­ance and cap­it­al mar­kets.With a repu­ta­tion...
05/03/2015
CMS ad­vises SCOR on a land­mark North-Amer­ic­an longev­ity trans­ac­tion
CMS in Lon­don has suc­cess­fully ac­ted for SCOR Glob­al Life (“SCOR”) in con­nec­tion with the $5 bil­lion CAD in­sur­ance longev­ity in­sur­ance trans­ac­tion with Sun Life As­sur­ance Com­pany of Canada (“Sun...
11/02/2015
CMS ad­vises on Ab­bey Life’s £2bn longev­ity in­sur­ance trans­ac­tion with Scot­tish­Power
CMS Lon­don has suc­cess­fully ac­ted for Ab­bey Life As­sur­ance Com­pany Lim­ited, the life in­sur­ance sub­si­di­ary of Deutsche Bank AG, on a £2bn longev­ity in­sur­ance trans­ac­tion with the Trust­ee of the Scot­tish­Power...
26/08/2014
CMS ad­vises on £900m longev­ity swap for Trust­ees of the PGL Pen­sions Scheme
CMS in Lon­don has ac­ted for the Trust­ees of the PGL Pen­sions Scheme (“PGL”) in the £900 mil­lion longev­ity in­sur­ance trans­ac­tion with Phoenix Life Lim­ited (“Phoenix”), part of Phoenix Group Hold­ings...
16/06/2014
Life, pen­sions & longev­ity risk
The longev­ity and pen­sions risk trans­fer mar­ket has seen sub­stan­tial in­nov­a­tion and ex­pan­sion in re­cent years, driv­ing ever closer con­ver­gence between the in­sur­ance and cap­it­al mar­kets.With a repu­ta­tion...
16/06/2014
CMS ad­vise Pen­sion In­sur­ance Cor­por­a­tion on £1.6bn buy-in trans­ac­tion with...
The CMS Life Pen­sion and Longev­ity Risk Team has ad­vised Pen­sion In­sur­ance Cor­por­a­tion (“PIC”), the UK’s lead­ing spe­cial­ist pen­sion risk in­surer, on a £1.6bn pen­sion buy-in trans­ac­tion with the...
06/03/2014
CMS ad­vises SCOR on £5 bil­lion pen­sion scheme longev­ity swap
CMS in Lon­don has suc­cess­fully ac­ted for SCOR SE in the £5 bil­lion re­in­sur­ance of Aviva Staff Pen­sion Scheme, a pen­sion fund of Aviva Life & Pen­sions UK Ltd, in what is the largest pen­sion longev­ity...