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Jane Kola

Partner
Jane Kola

Partner in the Pensions team who advises a wide range of clients on all aspects of pensions law. I act for trustee boards and major corporates with both defined benefit and defined contribution pension schemes. I am also a specialist in pension scheme investment documentation.

Tel: +44 (0)20 7664 0396
Email: jane_kola@wragge.com

Services: Pensions

Best brains in ...

Advising clients on their legal options and finding solutions in "sticky" situations, drafting complex pension scheme documentation in a user-friendly way and considering the legal issues relating to pension scheme investments.

Highlight of your career so far?

Working in a small team of senior lawyers to deliver an eight scheme merger and benefit re-design package within challenging timescales for a French multi-national. The legal work was complex and multi-faceted, the negotiations detailed and intense, but the sense of achievement on signing was enormous.

Most challenging job you've ever done?

Acting for a French multi-national in the preparation of complex pension scheme documentation for a career average revalued earnings pension scheme with a longevity adjustment factor to take account of changes in mortality. It was a challenge to understand how a longevity adjustment factor would be applied in practice. Making it work legally was the toughest task I have faced yet.

What about outside the UK?

Working with Trustees of UK defined benefit pension schemes of a European outsourcing company to negotiate a legally binding letter of undertaking from the French parent company. The letter was an essential component of funding plans for the schemes as a part of the actuarial valuation. This job involved liaising closely with the Trustees, the company's in-house legal counsel as well as the Trustees' French lawyers.

An example of your great client service?

I invest time in my clients to understand their businesses and what matters to them. Against this backdrop, I can focus my advice so that it is helpful and provides commercial solutions. I look for new ways of presenting legal advice to make it useful and always "go the extra mile" to become an integral part of the client's team

When have you ever given a client a real competitive edge?

Acting for trustees of three pension schemes negotiating a buy-in investment with an annuity provider in preparation for a winding-up. This was the first time the Trustees could see any prospect of securing all of the members' benefits in full at a price acceptable to the employer. The long term alternative was the Pension Protection Fund. The negotiations were swift, the legal risks sorted and the investment completed – all in less then three months. The Trustees were delighted to have finally secured all of the members' benefits. The employer was happy to have removed a significant long term financial liability from its books which had been a drag on its finances.

Alerts

18.01.11

CPI and RPI: best of both?

The Government's new Pensions Bill was published last week. As well as dealing with various other issues, the Bill contains provisions on the forthcoming shift towards increases measured in line with the consumer prices index for revaluation and for the indexation of pensions in payment.

09.12.10

RPI or CPI - the saga continues!

Following its announcement in July that statutory revaluation and statutory pension increases would be based on the Consumer Prices Index (CPI) in future, the Government published its long-awaited consultation paper on 8 December 2010. Wragge & Co's experts examine the issues.

14.07.10

Goodbye RPI?

The Government has announced that from 2011 (by reference to 30 September 2010) it plans to use the consumer prices index (CPI) rather than the retail prices index (RPI) for statutory revaluation of deferred pensions and statutory pension increases on pensions in payment.

25.06.09

Deflation, revaluation and pension increases - can pensions be reduced?

For the first time in decades, the UK has had short periods where the retail prices index has been negative, causing deflation. Naturally, there is concern about whether this is a short-lived issue or the start of a sustained period of deflation.

11.03.08

Pensions Regulator issues guidance on conflict of interests

The Pensions Regulator has published draft guidance on conflicts of interest.

 

Press releases

07.03.12

Wragge & Co enhances pensions capability with new partner

Wragge & Co has underscored its reputation as a leading pensions law firm with the appointment of a new partner. Director Jane Kola will be promoted to the firm's partnership as of 1 May 2012, a move which takes the total number of partners in the award-winning Pensions team to eight.

06.03.12

Wragge & Co promotes trio to partnership

Wragge & Co has strengthened three core areas: corporate, dispute resolution and pensions, with the promotion of Richard Goold, Patrick Arben and Jane Kola to its all-equity partnership. The appointments take effect from 1 May 2012.

13.01.10

Wragge & Co appointed to advise trustees of £600 million Steria pension schemes

Wragge & Co LLP's Pensions team has started 2010 with a client win. It has been appointed sole legal adviser to the trustees of the £200 million Xansa Pension Plan, one of the defined benefit plans of global IT services provider, Steria.

23.04.07

Pensions specialist joins Wragge & Co

Wragge & Co LLP's Pensions Team has underlined its commitment to growth in London with a new appointment. Sacker & Partners LLP partner Jane Kola is to join Wragge & Co's 32-lawyer Pensions Team as a director from August 2007.
 

Published articles

There are currently no published articles for Jane Kola.

 

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