Jason Coates

Helping a French electronics multinational with a UK pension project, involving a merger of eight pension schemes. The project created a new £3 billion scheme with a novel governance structure, implemented liability management exercises and established a career average scheme.

Assisting the trustee of an £800 million pension scheme conclude terms on a £450 million innovative buy-in and buy-out transaction, which significantly reduced the ongoing risks.

Advising on the UK pension aspects of the US$1billion sale of global insurance claims adjusters Cunningham Lindsay to CVC.

Working with the trustees of the ICL Group Pension Plan and Fujitsu Comparable Pension Scheme on an £800 million capital injection from Japan into Fujitsu Services Limited. The funds were then injected into the pension schemes, substantially improving the security for the 20,000 members of those schemes.

Advising a global media company on the closure to accrual of its UK pension scheme. The closure involved dealing with overseas employees and putting in place a flexible apportionment arrangement to address an uncertain section 75 debt issue.

Guiding the trustees of the Delta Pension Plan in making an appropriate response to the takeover of the Delta group of companies by Valmont Industries, and the associated corporate restructure.

Helping a charitable organisation manage pension risk by agreeing a bulk transfer from an industry-wide scheme into its own pension scheme.

Working with the independent trustee of two pension schemes to respond to a funding proposal from the sponsor, which included an asset-backed contribution arrangement.

Advising a trustee on an innovative transaction which resulted in a better outcome for members than would have been the case if the employer had become insolvent. This involved a compromise agreement relating to a section 75 debt and gave members options about how their benefits were secured at a level above PPF level benefits.