Hymans Robertson has appointed Leonard Bowman to the newly created role of head of corporate DB endgame strategy.
Hymans said the creation of this role recognised the importance for companies with DB schemes to strategically plan their journey over the next decade as they enter the final stages of their lifecycle.
Bowman is already a partner at Hymans Robertson having joined the firm earlier this year as part of its acquisition of Bath Actuarial Consulting (BAC). Bowman co-founded BAC in 2012 having previously held senior corporate actuary and management roles at Willis Towers Watson for 10 years.
He has significant experience advising companies on designing, implementing and managing strategies to see their DB schemes through to the end of the scheme journey, and at BAC grew from scratch a corporate consulting business with clients whose DB liabilities ranged from £200m to over £20bn in size.
Bowman says: “With the majority of DB pension schemes now reaching these final stages, there is an industry wide need for clear strategic planning and expert execution.
“We use a four-stage process to help companies develop and then implement their DB strategy. This process ensures that nothing gets missed, and that all the right solutions have been considered and developed to meet each company’s specific objectives. Just as importantly, we work with the company to execute the strategy effectively, to ensure it remains on track and that future opportunities are taken as they emerge.
“Our expertise in advising both clients and providers on the full range of risk transfer solutions, including insurance, superfunds and capital backed solutions, means we can provide market leading insights into all of the end-game options available.”