PRESS RELEASE
12 December 2025

Macfarlanes Advises Fnac Darty On £330m Buy-in With Canada Life UK

M
Macfarlanes LLP

Contributor

We are a London-based law firm, built and shaped around the needs of our clients. Our blend of expertise, agility and culture means we have the flexibility to meet our clients’ most challenging demands and to champion innovation. We operate in three broad areas: assisting clients with their major transactions, from complex M&A and real estate transactions to the creation of sophisticated financial products; aiding our clients with their most consequential litigation and investigations; and advising on all aspects of our clients’ private capital needs, working with asset managers, family offices and individual entrepreneurs. The scope of our services is distinct, and we are a foremost firm in each of these areas.
Macfarlanes has advised European retailer Fnac Darty in relation to the £330m buy-in of the Comet Pension Scheme with insurance company Canada Life UK.
United Kingdom

Macfarlanes has advised European retailer Fnac Darty in relation to the £330m buy-in of the Comet Pension Scheme with insurance company Canada Life UK.

The transaction secures the long-term benefits of all c.4,500 pension scheme members by transferring the financial risk associated with future pension payments to a highly rated insurer. It represents a major de-risking milestone for Fnac Darty, providing greater cost certainty and strengthening the long-term financial position of the business.

The Macfarlanes team was led by Pensions Partner Faye Jarvis alongside Senior Counsel Paul Lawrence.

Contributor

We are a London-based law firm, built and shaped around the needs of our clients. Our blend of expertise, agility and culture means we have the flexibility to meet our clients’ most challenging demands and to champion innovation. We operate in three broad areas: assisting clients with their major transactions, from complex M&A and real estate transactions to the creation of sophisticated financial products; aiding our clients with their most consequential litigation and investigations; and advising on all aspects of our clients’ private capital needs, working with asset managers, family offices and individual entrepreneurs. The scope of our services is distinct, and we are a foremost firm in each of these areas.

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