PwC expands pensions practice as revenue doubles

Higham – previously of Higham Dunnett Shaw – has most recently been advising the department for work and pensions on pension policy issues, and will head PwC’s London and South East pensions practice.

Richard Giles has been hired as director to develop the firm’s pension risk management services. He joins from Mercer where he was head of risk consulting.

PricewaterhouseCoopers partner and UK pensions leader Marc Hommel said: "The PricewaterhouseCoopers pensions practice revenue has doubled in the last three years. This growth reflects the shift in services demanded by clients as they increasingly seek advice and expertise to provide a wide commercial perspective to addressing their pension challenges.

"We all know there have been huge changes to the UK pension landscape over the last few years, but what’s driving current demand is an ever increasing desire to limit risk – particularly through liability management and risk transference strategies. Additionally, our clients are now turning their minds to wholesale changes in the way they provide pensions to their workforce."