Declan Keohane named head of risk transfer at First Actuarial

First Actuarial has beefed up its threat switch and buy-out workforce, with the promotion of Declan Keohane. The longstanding accomplice on the agency will now head up the booming follow.

Commenting on his appointment, Keohane stated, “I’m wanting ahead to rising our providers to help each scheme that wants it. With a lot demand for insurers’ buy-out providers, preparation counts for a terrific deal. So I’m constructing a powerful mission administration functionality so as to add to our threat switch experience. That is making each threat switch mission as environment friendly and organised as potential. We’re additionally coaching and growing junior colleagues as we broaden the workforce, which is how we wish to work at First Actuarial.”

First Actuarial is a consulting agency which specialises in pension advisory providers. Based in 2004, its final monetary 12 months noticed the agency get pleasure from revenues of greater than £28 million – together with over £1 million in new enterprise. The agency is headquartered in Leeds, but additionally has UK places of work in Manchester, Peterborough, Tonbridge and Basingstoke.

First Actuarial gives a tailor-made service to determine the appropriate threat switch answer for pension schemes throughout the UK – with a specialist threat switch workforce advising purchasers on each buy-outs and buy-ins, and we work with all of the insurers out there. It is a service which is proving extraordinarily fashionable in the mean time, and Keohane’s appointment as head of threat switch comes at a time when enhancements in scheme funding and elevated governance tasks make threat switch a gorgeous and achievable possibility for a lot of trustees.

His appointment will show an vital transfer in assembly this demand – with Keohane boasting each actuarial abilities and specialist threat switch expertise make him the best enterprise chief for this increasing space. As growing numbers of trustees discover choices akin to buy-out, he’ll additional develop First Actuarial’s threat switch perform to fulfill demand and ship the absolute best outcomes for purchasers.

Talking on First Actuarial’s present providing within the space, Keohane added, “We take a look at the total vary of threat switch choices. With extra options changing into obtainable, we’re supporting many schemes by means of the decision-making and choice course of. Following the Mansion Home reform discussions, I’m anticipating extra employers to contemplate options to winding up their scheme.”

Keohane brings over 30 years of pensions consulting expertise to the place, and has been spending an increasing number of time advising on buy-ins and buy-outs lately. He joined First Actuarial in 2007 and have become a accomplice in 2011. This adopted stints with Aon and Lane Clark & Peacock – in addition to having studied actuarial science at college.

Trying forward, Keohane concluded, “We’re rising our workforce, growing the sources and experience to steer purchasers of any dimension by means of a threat switch mission. We’ve pulled collectively a multidisciplinary workforce – masking actuarial, funding, outlined contribution, mission administration and scheme administration – that are all impacted by threat transfers. It will give purchasers the end-to-end help they want. I’m assured that we are able to discover a house for any scheme that desires to go to market.”