Spence and Partners, the UK pensions actuaries and administration specialists, today announced the appointment of Richard Smith as Consulting Actuary. Smith will have a UK wide focus and service clients across Spence offices in Glasgow, London, Bristol and Belfast.
Commenting on the appointment, Alan Collins, Head of Corporate Advisory Services at Spence and Partners, said; “As an organisation we are dedicated to helping guide and empower clients to tackle the demanding challenges they face when running their schemes. This has never been more prevalent following the changes announced in the budget this year and those that lay ahead in implementation, not to mention any impacts surrounding the 2015 election. We continuously strive to enhance our own expertise to benefit our clients and the appointment and retention of expert staff is key to that. Richard is an experienced and talented advisor and as our business continues to grow throughout the UK, his broad spectrum of expertise will further enhance our service and deepen our relationships with both our sponsoring employers and trustee clients.”
Prior to joining Spence and Partners, Richard formerly held senior posts in Aon Hewitt and Towers Perrin and has a high level of experience working with trustee boards of FTSE 100 and other global multinational companies. He has advised clients on a range of pensions change projects including switches from Defined Benefits to
Defined Contribution and Career Average Revalued Earnings (CARE), benefit changes resulting from M&A activity, high-earner taxation issues and the implementation of the new employer duties surrounding automatic enrolment.