Redington expands DC team with two hires
Redington has appointed Natalie Flood and Jonathan Parker as part of wider plans to grow its defined benefit (DC) business.
Flood brings over 10 years' experience and joins from Willis Towers Watson where she led DC scheme projects. She is also close to completing an executive master's in business administration at Cass Business School.
Parker, who has been running his own consulting firm since 2016 and has over 15 years' experience, has previously held senior positions in asset management, insurance and consulting industries at Willis Towers Watson, Dimensional Fund Advisors, Barclays and Zurich Life.
Both report to Redington head of DC and financial well-being Lydia Fearn, who commented: "We believe there are a number of trends that are driving the evolution of long-term savings in the UK; increased responsibility for individual savers; a requirement on providers and governance bodies to demonstrate value for money; and greater levels of integration across different types of savings, enabled by technology.
"Redington is positioning itself to be at the forefront of these trends, and hiring Natalie and Jon is the next step in bolstering our offering."
The consultancy firm launched its DC and savings consulting service in 2015. In two years, Redington increased revenue by some 132% and advises a number of large DC schemes and providers including Now Pensions and TPT Retirement Solutions.
Commenting on some of the key issues for DC schemes in 2018, Flood said: "Done right, the delivery of consulting and solutions to address the challenges around DC, retirement and savings can significantly impact members' experience and help ensure better outcomes for all pension scheme stakeholders.
"I am excited to be joining Redington and working with the team to deliver a new approach to how we tackle one of the biggest challenges of our time."
Parker said the firm "puts the financial security of millions of savers at the heart of everything it does."
This is one of several recent developments for the company, including the recent hire of Marian Elliot to lead and help build its first integrated actuarial business line, launching a new business arm in China, and appointing a new chief technology officer.
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