Catherine McFadyen has been named as head of pensions at U.K. consultancy firm Hymans Robertson, according to a news release.
McFadyen will head the five pensions market business units at Hymans: actuarial private, actuarial public, investment, defined contribution consulting and third party administrators. She will also join the firm’s management board.
She takes on the role from Richard Shackleton, who will now be focusing on the provision of actuarial advice to the firm’s clients.
McFadyen said: “The past few years have been a period of intense activity for the pensions market, and I’m thrilled to take on this role at such an exciting time for pensions with a new minister and government in place.
“The next five years will be pivotal as the government looks to address adequacy for savers, consolidation and investment in the U.K. We have great opportunities to deliver endgame solutions for defined benefit funds, particularly through our relationships with commercial consolidators and our brilliant risk transfer team.”
McFadyen joined Hymans Robertson in 2003, and has been a partner since 2014. In stepping into her new role, she will relinquish her responsibilities leading the actuarial public business unit but will retain her Local Government Pension Scheme clients.
Hymans Robertson has also appointed Rob Bilton as head of LGPS Actuarial and Robbie McInroy as head of LGPS Client Consulting, coordinating across all service lines provided in the LGPS market.
Bilton and McInroy are both partners at the firm, having started at Hymans Robertson as graduates over 15 years ago. Both roles are new in title, and also assume some of McFadyen’s prior responsibilities.
Bilton has worked with a variety of U.K. local government clients as a fund actuary and liaises with national LGPS stakeholders on current actuarial issues. In his new role, he will work closely with existing leads Susan Black, head of LGPS governance, administration and project services and Iain Campbell, head of LGPS investment.
McInroy is fund actuary to several LGPS funds. His wider focus is working with client teams, LGPS funds and other stakeholders looking to ensure Hymans Robertson meets market needs and delivers a comprehensive offering to LGPS.
