UK - Paul Thornton has joined Gazelle as MD of its pensions advisory business, having recently retired from Watson Wyatt after 32 years.
In his new role, Thornton will seek to grow the financial advisory firm’s presence in the provision of independent market-based financial advice to pension funds and the companies that support them.
According to Thornton, clearance from the Pensions Regulator had become one of the key requirements for successful completion of many major corporate transactions affecting the pension covenant.
“The new pension regulations represent a sea-change in the approach to pension financing and the provision of independent advice to pension trustees and employers has never been so vitally important,” he said.
Thornton retired from Watson Wyatt at the end of June, having held a number of senior positions in the past three decades, including senior partner at the firm from 2001-05 and president of the Institute of Actuaries 1998-2000.
By Damian Clarkson
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