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Skilled actuary Steve Deverell-Smith has joined First Actuarial as a guide. He arrives from WTW.
Talking on his transfer, Deverell-Smith commented, “First Actuarial is the hidden gem of the pensions consultancy world. The companions and employees have a powerful sense of objective and take actual satisfaction in what they do. The main target is evident – we do the best factor for our purchasers, and we’re versatile in our method so we are able to ship the companies they want. And we do all of it for a good worth. That for me is the actual essence of First Actuarial, and the folks I’ve met since becoming a member of actually embrace these values.”
An actuary with nearly 20 years’ expertise within the pensions trade, Deverell-Smith will present employer companies to First Actuarial’s rising personal sector shopper base, drawing on his in depth expertise of delivering company recommendation. He can be based mostly within the agency’s Manchester workplace, which has nearly 90 professionals.
Previous to becoming a member of First Actuarial, Deverell-Smith has spent his profession advising trustees and employers alike on a variety of pension-related points. He started his profession as a specialist in KPMG’s pensions crew earlier than spending over a decade at WTW. There, he helped a variety of sponsors, from multinationals by means of to family-owned companies, grappling with their divergent pension-related challenges.
Commenting on his new problem, he added, “It’s an thrilling time to be becoming a member of First Actuarial. Progress is necessary to the enterprise, however there’s a recognition throughout the agency that it should be accomplished in a means that’s sustainable, permitting us to proceed to satisfy shopper expectations with out jeopardising the core values of First Actuarial. I hope to play my half in balancing progress with shopper care.”
Over the past 18 months, UK pension schemes have endured combined outcomes. Based on Deverell-Smith, whereas some have discovered themselves “hitting their targets a lot sooner than anticipated”, many are uncertain on what to do subsequent, amid numerous main headwinds.
“Whether or not their subsequent step is buy-out or one of many ever-growing listing of ‘new world’ alternate options,” he concludes, “First Actuarial is completely positioned to supply contemporary pondering and impartial companies.”
First Actuarial is a consulting agency which specialises in pension advisory companies. Based in 2004, its final monetary yr noticed the agency is headquartered in Leeds, but additionally has UK places of work in Manchester, Peterborough, Tonbridge and Basingstoke.
Amid the continued uncertainty within the pensions sector, its companies have been in eager demand of late. First Actuarial reported file income ranges this yr, with with turnover rising by 19% within the yr to 31 July 2023. In the meantime, headcount throughout the agency’s 5 places of work now tops 430.
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