Consultancy Services - Implemented De-risking

De-risking Solution for Employers and Trustees
Implemented De-risking Platform
Contact
Charles Cowling FIA Charles Cowling FIA /uploads/contacts/contact_1.png JLT Pension Capital Strategies St James House 7 Charlotte Street Manchester M1 4DZ 0161 242 5388 07920 834047 0161 242 5306 charles_cowling@jltpcs.com Charles has 25 years’ experience in the actuarial profession and has acted as principal actuarial adviser to several FTSE100 companies and their pension schemes, as well as the not-for-profit sector (including in connection with the pension scheme of the Actuarial Profession). Before joining JLT Pension Capital Strategies in 2006, Charles spent 22 years as a Scheme Actuary and consultant, including advising remuneration committees on all aspects of executive remuneration. Charles has pioneered the use of modern corporate finance techniques in actuarial work, advocating a move towards a lower level of risk and a strengthening of standards in the management of pension schemes as early as 2004, through sessional papers. Charles is a Fellow of the Institute of Actuaries. He has a BSc from Durham University and he is also a Chartered Mathematician, a Chartered Scientist and a Fellow of the Institute of Mathematics and its Applications.
Rob Dales FIA Rob Dales FIA /uploads/contacts/contact_20.jpg 3rd Floor, Bond House The Bourse Boar Lane Leeds LS1 5EN 0113 203 5883 0779 909 4392 0113 203 5862 rob_dales@jltpcs.com Rob joined PCS in 2007 having previously been a Director at KPMG for 10 years. Rob has 20 years experience of advising Trustees and companies on all aspects of pension matters but in the last 10 years has specialised in providing advice to the company. Rob’s particular expertise is in designing and implementing liability management solutions for pension schemes. He was one of the first actuaries to implement an enhanced transfer value exercise back in 2002. Rob has extensive experience in assisting companies with the more complex aspects of pension arrangements including Scheme Funding, dealing with the Pensions Regulator and the pension implications of corporate transactions and insolvencies. Rob has written several articles which have been published in the Financial Times, Pensions World, Yorkshire Business Insider and Professional Pensions. Rob is also co-author of "An Introduction to Pensions" published by Gee. After graduating with a first class honours degree in mathematics in 1987, Rob qualified as a Fellow of the Institute of Actuaries in 1992.
Simon Taylor FIA Simon Taylor FIA /uploads/contacts/contact_21.jpg 6 Crutched Friars London EC3N 2PH 020 7895 7809 0792 054 3015 simon_taylor@jltpcs.com Simon has over 20 years' experience of advising companies and trustees on all aspects of their pension and benefit arrangements. After spending more than 15 years at a competitor firm, specialising in giving advice to pension scheme sponsors, Simon joined what is now JLT Actuaries and Consultants in 2006 and was Head of Corporate Consulting before becoming part of the JLT Group in late 2009. Simon currently sits on the Board and Executive of Pension Capital Strategies with a specific focus on driving sales and introducing new initiatives. His current clients range from FTSE 100 retailers through well known media companies to small family run businesses. Whilst mainly giving advice to companies, he also has several Scheme Actuary appointments which enable him to give more rounded advice to clients. In particular, Simon specialises in risk and liability management and reduction, scheme funding and accounting and benefit design.

Implemented De-risking

Our Implemented De-risking Platform enables the employer and the trustees to sign up jointly to a plan that targets an exit strategy within a given number of years in an efficient and cost effective manner. Many sponsors are working with their advisers to look at de-commissioning of the liabilities and that is part of the process, but it extends wider than just focusing on liabilities, de-risking the other aspect of the scheme - the assets, and in particular how you would move over time to cover, or "match", the remaining liabilities whilst making your way along the longer-term path to eventually buying out the scheme.

The platform incorporates a number of features designed to meet the objectives of both the Trustees and the sponsor:

• A bundled product that targets scheme exit.
• A efficient administration, actuarial and advisory service which meets a pension scheme's obligations.
• A focused administration service, including full data cleanse streams, targeting scheme closure and settlement.
• Automatic and continuous liability management through regular enhanced transfer values, pension increase exchanges, immediate vesting personal pensions and early retirement exercises;
• Automatic de-risking of investment strategy as asset performance allows
• Regular monitoring of progress against agreed strategy.