Ian Cormican



Ian has a wide range of experience advising trustees and employers on pensions related matters, with an emphasis on investment issues.

Ian’s recent experience includes advising on future service benefit changes, apportionments, funding negotiations, liability management including buy-ins and buy-outs, and developments in defined contributions.

On investment related matters, Ian’s experience includes:

  • advising the Trustees of the ITV Pension Scheme on their longevity swap with Credit Suisse, which covered £1.7bn of liabilities
  • advising on LDI documentation encompassing both segregated IMAs and bespoke pooled fund structures. Ian’s experience includes negotiating the associated ISDA and GMRA documentation
  • reviewing and negotiating fiduciary management/implemented consulting agreements with the key players in those markets
  • undertaking due diligence on a wide range of pooled funds including hedge funds, private equity and credit.

Memberships and Qualifications

Membership of professional bodies:
Association of Pension Lawyers (Full Member)
Pensions and Lifetime Savings Association (North London Group member)

Career history

Qualified: 1999, England & Wales

Pensions experience since: 1999

Joined Sackers: 1999

Joined partnership/LLP: 2007

Employers: Pritchard Englefield

Academic history


University of Southampton (1993-1996)
The College of Law, Guildford (1996-1997)

Degree: LLB (Hons)
Legal Practice Course (Distinction)

Further Information


Ian is a regular speaker at conferences and seminars, including:

  • Engaged Investor Trustee Forum 2014 – Fiduciary Duties
  • NAPF North London Group Conference 2014 – Counterparty risk
  • Pensions Investment Academy 2014 – Fiduciary Management



Contingent assets

DB Investment

Public sector

DB Governance

Banking and finance

Asset-backed funding structures

Risk transfer

Risk transfer – case studies

Latest News & Media

Sackers advises the Signet Group Pension Scheme on £236m full scheme buy-in

Sackers advises the AIB Group UK Pension Scheme on £61m buy-in with L&G

Ian Cormican discusses trustees reviewing consultants against objectives

Sackers advises Electricity North West Group of the ESPS on £805 million pensioner buy-in

Ian Cormican comments on fiduciary management changes in Pensions & Investments.

Ian Cormican discusses what schemes need to do after CMA review in Professional Pensions

Sackers advises Smiths Industries on £176m buy-in with Canada Life

Sackers launches latest guide on buy-ins, buy-outs and longevity transactions

Ian Cormican comments on the consolidation of small schemes

FCA asset management report makes ‘uncomfortable reading’ for investment consultants

Latest Knowledge

Finance & investment briefing – December 2021

Finance & investment briefing – September 2021

Finance & investment briefing – June 2021

Finance & investment briefing – March 2021

Finance & investment briefing – December 2020

Finance & investment briefing – September 2020

Finance & investment briefing – June 2020

Buy-ins, buy-outs and longevity solutions

Finance & investment briefing – March 2020

Buy-ins, buy-outs and longevity transactions – A guide for trustees