Ian Mylrea

Senior Associate


Ian joined Irwin Mitchell’s Pensions team in Manchester as a Senior Associate, having previously headed up the Manchester pensions team of an international law firm.  He is experienced in advising corporates, trustees and providers on the full spectrum of pensions law issues.

Ian has particular experience advising on the use of insurance contracts in relation to pension schemes, including drafting, reviewing and negotiating bulk annuity contracts on buy-outs and buy-ins (including those medically underwritten) for both trustee and insurer clients; and advising on trustee liability insurance (including discontinuance cover).

Ian works closely with the firm’s corporate teams, advising on the pension aspects of corporate transactions and restructurings. He has previously been an adviser on both the PPF’s core legal and assessment panels.

Ian is  especially known for his expertise in relation to executive pension schemes (SSASs, SIPPs, EFRBS), having advised numerous providers of such schemes during his career, and for his knowledge and network of connections in the international and offshore pensions markets, an area where he is recognised as an industry leader.

Recent highlights:

  • Trustees of a large final salary pension scheme – Ian advised on the implications of retaining a link to future pensionable salaries following the closure of the Scheme to further accrual in light of the High Court case of Merchant Navy Ratings Pension Fund Trustees Limited v Stena Line Ltd and Others [2015]. Ian’s advice took account of the different potential meanings of “Pensionable Service” under statute and the scheme’s rules: one which derived from law and dictated when statutory revaluation was triggered; and one which was derived solely from the Scheme rules and determined from when non statutory revaluation should apply (for example, a fixed level of revaluation for pre-1991 accrual in excess of the GMP). This interpretation had beneficial cost implications for the Scheme.
  • Trustees of a pension scheme in a PPF assessment period - Ian led on the preparation of a report to the trustees of a scheme, which had entered a PPF assessment period, on the ability and appropriateness of purchasing discontinuance (or 'run off') insurance in the event that the PPF was to assume responsibility for the scheme.
  • Global Construction and Infrastructure Group – Ian advised this group (with more than 44,000 employees world-wide) on the establishment of an international pension plan in an offshore jurisdiction for its globally mobile employees.

Market View:

"Ian has an impressive understanding of pensions law whilst always being mindful of the bigger picture and commercial realities. This means he consistently gives pragmatic and commercially relevant advice which is delivered in plain English. In addition, his extensive network of fellow pensions professionals means that he is able to bring in the appropriate expertise to achieve panoptic solutions." – Mercury Pensions, Client.



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