Hymans Robertson’s analysis shows that there were 134 buy-ins in the first half of 2024 – a record number for a six-month period. This compares to 96 buy-ins that were completed during the same period in 2023 – a growth of nearly 40% year on year. The firm’s risk transfer team led the advice on two-fifths of all buy-ins by value during the first half of 2024 and has used this significant data set, along with information from the insurance companies, to analyse buy-in market activity.
Hymans Robertson, a leading financial services consultancy, has appointed Krish Kistnassamy as Head of General Insurance within its Insurance & Financial Services (IFS) practice. The appointment further adds to the consultancy’s success in growing and broadening the general insurance (GI) services it provides to insurers.
Commenting on the appointment of Debbie Abrahams as the Chair of the Work and Pensions Committee, Calum Cooper, Head of Pensions Policy Innovation said:
“We welcome the appointment of Debbie Abrahams to this role and look forward to working with her as part of her new remit. With the highly anticipated Pensions Review in progress, there will be a big focus for the Work and Pensions Committee to watch the government’s work in this area. Its focus should be to help improve pensions for all savers.”
Hymans Robertson has appointed Sachin Patel to the role of Head of Corporate DB Endgame Strategy, recognising the increasing pressure DB schemes face when planning the final stages of their strategic journey.
Sachin has been at Hymans Robertson since 2014 and qualified as an actuary in 2020. He is a lead consultant in the firm’s Corporate DB team, helping schemes to plan their endgame journey and navigate the complex range of choices they will face at this time.
“We welcome the Government’s consultation on the Pensions Investment review and the call for evidence with a focus on DC workplace schemes and the Local Government Pension Scheme (LGPS). Given DC workplace schemes and the LGPS are important parts of the UK’s retirement savings environment, it is reassuring that the Government is seeking information and solutions from the pensions industry, and wider, to ensure it can deliver its policy objectives most effectively. We are particularly glad to see that the government focussing on investment returns net of fees, as opposed to costs. This is important as unlisted equity and infrastructure investment costs, an area the Government are keen for DC and LGPS funds to invest in, are often higher...
Hymans Robertson has announced that Catherine McFadyen has been appointed to the role of Head of Pensions. In this role Catherine will guide the five pensions market’s business units – Actuarial Private, Actuarial Public, Investment, DC Consulting and TPA - and join the firm’s Management Board.
She takes on the role from Richard Shackleton who will now be focusing on the provision of actuarial advice to the firm’s clients and supporting various strategic initiatives within the leading pensions and financial services consultancy.
Hymans Robertson has appointed Rob Bilton as Head of LGPS Actuarial and Robbie McInroy has been appointed Head of LGPS Client Consulting, co-ordinating across all service lines provided in the LGPS market.
Rob and Robbie’s appointments follows on from Catherine McFadyen’s appointment as Head of Pensions at the leading pensions and financial services consultancy. Rob and Robbie are both partners having started at Hymans Robertson as graduates over 15 years ago.
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