UK - Hewitt Associates has appointed Lorraine Harper of KPMG to lead and coordinate is pension scheme governance service within the firm's UK retirement practice.
During her 28 years at KPMG, Harper was responsible for setting up the firm’s pensions administration consulting practice.
Commenting on her new role, she said: “It is essential that trustees have quality risk identification and management advice in order to handle the potential financial and legal consequences of their actions. This is a critical area where we will work with trustees, often assuming the position of secretary to the trustees.”
She added: “Also, as scheme sponsors become more remote from their closedand maturing DB schemes, trustees may receive less support from theemployer, who might instead look to outsource the entire pensionfunction - not just the administration.”
Based at Hewitt’s More London office, Harper specialises in providing advice and guidance to trustee bodies and company executives on pensions risk management and compliance.
Andy Cox, lead of the UK retirement practice for Hewitt, said: “The industry iscurrently going through considerable change - driven both by the marketand by legislation - and everyone has to come to terms with this. [Harper’s]expertise will be of great benefit to our clients and I look forward toworking with her.
By Kristen Paech