Broadstone has appointed Stuart Bradbury as its head of corporate services.
Bradbury’s hiring comes at a crucial time for corporate services because it is anticipated that the new Funding Code would increase the time and financial obligations on sponsors of defined benefit pension plans.
In order to ensure value for money from their pension arrangements, Broadstone’s corporate services division offers impartial counsel to sponsors to help them manage financing and strategy talks with scheme trustees.
Additionally, it assists sponsors with managing the pension implications of company reorganisation, journey planning, member options, and scheme governance.
Broadstone head of corporate services Stuart Bradbury says: “Independent advice is hugely important for sponsors, particularly given rising cost pressures as pensions regulation evolves. The incoming Funding Code should act as a trigger point for sponsors reviewing their governance and advisory arrangements.
“Doing so will help them agree a sensible long-term strategy to reach a ‘low dependency’ position, taking account of the sponsor’s wider aims and managing the risk of trapped surplus in the scheme.”
Broadstone head of consulting & actuarial Nigel Jones says: “Stuart is heading up this division at a critical time for many sponsors as the push towards de-risking and securing DB pensions schemes accelerates.
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