Hogan Lovells advises Trustees of the Industry-Wide Coal schemes on £44m buy-in with Just Group

IWCSSS and IWMPS are both non-associated multi-employer schemes and were set up in 1994, after the privatisation of the coal industry.  Hogan Lovells has advised the trustees of the schemes since their establishment.  This transaction is a major step forward for the 132 members of the Maltby Colliery Sections of the schemes.

The Hogan Lovells team was led by London-based associate Amol Chalisgaonkar, working under partner Claire Southern.

Commenting, Claire Southern said: “We are proud to have acted for the Trustees of the Industry-Wide Coal schemes since the schemes were established and are delighted to have helped them secure an excellent deal for Maltby Colliery Section members.”

Ross Breckon, Business Development Manager at Just Group, commented: “We’ve enjoyed working with the trustees, the scheme sponsor and their advisers to secure the benefits of the 132 members of the Maltby Colliery Section of the IWCSSS and IWMPS, demonstrating the bulk annuity market is a vibrant one and open to schemes of all sizes.”