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Glyn Ryland

Partner
Glyn Ryland

Head of the Wragge & Co Pensions team and partner since 1998.

Tel: +44 (0)121 629 1928
Email: glyn_ryland@wragge.com

Services: Pensions
Business sectors: Financial Services

Best brains in ...

Pensions Investment Law - founder member of the Association of Pensions Lawyers Investment Sub-Committee.

Balance of power and funding negotiations, especially around corporate change or scheme rationalisations.

Ongoing advice across the board to large schemes; gaining and maintaining the long-term confidence of trustee boards; being a trusted adviser at times of crisis as a result of years building a relationship before that arises.

Highlight of your career so far?

The real excitement is in doing good jobs for clients and winning more clients. As a mark of how well we have been doing that, it was a highlight to pick up the FT Business Pensions Lawyer of the Year award in 2007.

Toughest job you have done?

Some of the issues thrown up by the potential for high risk concentrations in liability-driven investment programmes recently, and finding innovative ways around those issues working with other lawyers in the team and the firm, have been very stimulating indeed.

And outside the UK?

I am Hong Kong-qualified and helped to shape the pensions legislation there. I registered the first-ever scheme under the Hong Kong Occupational Retirement Schemes Ordnance.

Give an example of great client service.

The London office of a large actuarial firm called us at 10am. Its client was about to do a deal, negotiated over several months in several countries, and due to sign in two days. It was advised by a large international firm of lawyers with no UK pensions function. Someone had just spotted a UK pensions problem. The Pensions Regulator's financial support direction and contribution notice powers had just been introduced. We drove 100 miles to the client's office before lunch, reviewed all the papers on site that afternoon and reached the view that the Regulator would retrospectively clear the transaction (a new concept at the time). We then gave robust advice to the client that it would be able to achieve retrospective clearance and could close the deal on time. The pensions deal breaker was removed with 24 hours to spare. (And we then did get retrospective clearance!)

Dedication to client care? Prove it!

A client of ours had its offices (and their contents) very badly damaged in the Hemel Hempstead oil refinery explosion. We were able to offer the head of legal a good working environment (albeit in central London) including wi-fi access to his own computer server and office support. We want clients to know we are part of their team and they are part of ours. The same client has offered us help with training to sharpen our thinking further on client service issues.

Best example of a creative legal solution?

I think the team's approach to the age discrimination dilemma was superb - not a potentially dangerous blanket amendment deed, but a structured checklist and a rapidly delivered and client-specific approach (for clients where changes were needed).

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

Yes, several corporate restructurings (especially before the 2004 Act) have helped clients to buy and sell subsidiaries and businesses without potentially deal-threatening section 75 debts plaguing every deal.

How do you get under the skin of a client business?

We are fortunate enough to have had a lot of practice at taking on new clients. We have a take-on checklist and a process for making sure we get into clients' ways of doing things as quickly as possible. Of course each case is different - we are always learning from clients new ways about how to get to know them. Typically with a new scheme we would expect to attend some trustee meetings (at our expense) purely for the purpose of getting to know them and seeing what makes them tick. A time of crisis is not the time to be getting to know whether you trust your lawyer or not - the trust should be established at the outset.

What's your single greatest contribution to Wragge & Co's corporate responsibility?

Playing keyboards and singing in the band Oldplay at the Jam House in the 2007 Oxjam gig. The night raised several thousand pounds for Oxfam (although of course I cannot claim sole credit for that!).

What's been written or said about you that you're most proud of?

'Pound for pound, one of the best lawyers on the planet'. Michael Bonarti, Associate General Counsel, Automatic Data Processing, Inc.

'Extremely sharp and bright, he gets things done without having to shout about it.'; 'Not many things are a problem.'; 'Glyn Ryland is well respected as the head of the team. According to peers, not only is he a skilled pensions lawyer, but "he manages a big team very well".' Chambers UK

Alerts

22.03.11

Pension fund hedging - all clear?

The costs for pension schemes using over-the-counter derivatives are set to rise. New European Commission regulations will affect banks' pricing of derivatives and the ease with which derivatives can be used by pension schemes.

25.03.08

Employers ceasing to participate in an underfunded multi-employer DB scheme: new employer debt requirements

On 6 April 2008 new regulations published by the Department for Work and Pensions on employer debt come into force. Wragge & Co's expert analysis explains all.

11.03.08

Pensions Regulator issues guidance on conflict of interests

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

17.01.08

LGPS: new ill-health pension benefits

The new Local Government Pension Scheme will be introduced from 1 April 2008. Under the new arrangements, scheme employers will have an increased role in determining the level of any ill-health pension payable to a member.

07.09.07

Public sector: staff transfers and the Staff Transfers Pensions Direction 2007

Since 1999 a non-statutory framework has existed governing the treatment of employees' pension benefits when best value authorities outsource services to the private sector.

14.08.07

Employers ceasing to participate in an underfunded multi-employer DB scheme: draft amendments to employer debt requirements

The current employer debt regime is complicated, problematic and inflexible. The De-Regulatory Review published on 25 July 2007, judicial comment and industry lobbying have all led the Department for Work and Pensions to consult on amendments to it.

07.06.07

LGPS governance: finalised regulations

Finalised regulations have been published which will introduce various measures designed to improve the administration and governance of the Local Government Pension Scheme (LGPS).

22.05.07

Regulator's guidance on abandonment of DB schemes

The majority of DB schemes have a deficit on the buy-out basis. This has led some employers to explore ways in which they can reduce or manage this funding risk.

13.02.07

LGPS governance: more change

The Department for Communities and Local Government (DCLG) has published draft regulations which will introduce various measures designed to improve the administration and governance of the Local Government Pension Scheme (LGPS).

23.11.06

Age discrimination: yet more changes!

In response to pressure from employers and the pensions industry, the Government decided to postpone the implementation of the pensions aspects of the age regulations from 1 October 2006 to 1 December 2006 and promised to amend them.

28.07.05

Age discrimination and occupational pensions - a carve-out by elimination?

We were growing old waiting for them, but the Government has finally published the draft Age Discrimination Regulations, together with its long delayed consultation paper, 'Equality and Diversity: Coming of Age'.

13.07.05

Pensions Act 2004: the changing relationship between employer and trustees

The Pensions Act 2004 (and in particular the approach of the new Pensions Regulator) changes the relationship between pension scheme trustees and employers quite significantly.

15.03.05

'Notifiable events' The Pensions Act 2004

From 6 April 2005, trustees and employers will find themselves under an obligation to notify the Regulator in relation to a wide range of events.

23.06.03

Simplicity security and choice: working and saving for retirement

The recent White Paper heralds another big shake up for pensions law. In particular, many employers will be worried about how the impact of the improved protection for members will affect them.

09.01.03

Are you discriminating against men? Rutherford v Towncircle Limited and DTI

A recent Employment Tribunal decision indicates that pension schemes which do not provide benefits in respect of service after normal retirement age could potentially be guilty of sex discrimination.
 

Press releases

10.06.11

Wragge & Co appointed as primary pensions legal adviser to NEST Corporation

Wragge & Co has been appointed as the primary pensions legal adviser to NEST (National Employment Savings Trust) Corporation. NEST Corporation is the trustee body responsible for running the NEST pension scheme.

19.05.11

Wragge & Co wins Pensions Law Firm title for second consecutive year

Wragge & Co has secured the Pensions Law Firm title at the Pension & Investment Provider Awards for the second consecutive year. The judges crowned the firm the winner from a shortlist of eight firms.

04.03.11

Wragge & Co advises Talis Group on £18 million sale of library services division

Wragge & Co's corporate experts have advised Talis Group on the sale of its library services division, Talis Information Limited, to Capita Group Plc for £18 million.

15.03.10

Wragge & Co appoints new pensions partner

Wragge & Co LLP has underlined its commitment to providing a top-quality partner-led service to the UK's biggest pension schemes with the appointment of a new partner. Pensions director Paul Carberry joins the firm's all-equity partnership on 1 May.

08.12.09

Wragge & Co Pensions team celebrates 35 years of quality pensions advice

Wragge & Co LLP's Pensions team is celebrating its 35th anniversary. Founded in 1974 by retired partner Gerald Hingley, it has grown to include 40 specialist pension lawyers.

20.04.09

Wragge & Co Pensions team appointed to advise the trustees of £200 million Grant Thornton Pensions Fund

Wragge & Co LLP Pensions team has added an impressive name to its client list. The trustees of the Grant Thornton Pensions Fund have appointed Wragge & Co's award-winning team to provide ongoing pensions law advice.

11.03.09

Wragge & Co Pensions team wins new trustee client

Wragge & Co LLP Pensions team has been appointed to advise the trustees of the newly-formed Rheidol 2008 Pension Scheme.

18.07.08

Wragge & Co named European Pensions Law Firm of the Year

Wragge & Co LLP is the European Pensions Law Firm of the Year. The firm saw off strong competition from UK and international firms to secure victory at the first European Pensions Awards ceremony last night.

18.05.07

Wragge & Co wins FT pensions award

Wragge & Co LLP has been named pensions law firm of the year at the FT Business Pensions and Investment Provider Awards.

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.

19.04.07

Wragge & Co boosts Pensions Team with new partner

Wragge & Co LLP has boosted its pensions credentials with the appointment of a new partner. Paul Feathers has been promoted to the firm's partnership, taking the total number of pensions partners to six. He will be based in the firm's London office.

27.03.07

Wragge & Co helps secure PPF protection for MG Rover employees

Wragge & Co LLP Pensions Team has completed the largest transfer to the Pension Protection Fund, helping secure compensation for more than 6,000 people.
 

Published articles

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