Issued: 1 October 2003
The Pensions Trust has recently completed an actuarial services re-tendering exercise and HSBC Actuaries and Consultants Limited were successful at being appointed as the Trust's actuarial consultants and in particular Steven Robinson has been selected to act as the Trust's actuary.
"This is a very exciting opportunity for the Trust" commented Richard Stroud, Chief Executive of The Pensions Trust. "We have created one of the largest and most successful multi-employer pension funds in the UK with our current actuarial consultants, Watson Wyatt, and we now look forward to building on this work with HSBC."
Steven Robinson is the Actuarial Director in charge of HSBC's Northern actuarial consulting practice said: "We are delighted to have been appointed to act as actuarial consultant for The Pensions Trust and look forward to a close working relationship with Richard, his management team and the Trustees."
HSBC Actuaries and Consultants Limited is part of the HSBC Group, one of the world's largest banking and financial services organisations and is a leading UK actuarial and employee benefits company. It employs some 400 individuals and specialises in providing actuarial and consultancy services to pension scheme trustees and corporate entities.
The Pensions Trust is the leading multi-employer occupational pension fund for employees involved in the charitable, social, educational, voluntary and not-for-profit sectors. The Trust is governed by a board of 16 elected Trustees who ensure that it is run in the best interests of members and their beneficiaries. A comprehensive pensions package is offered to clients. The Trust adopts the role of off-site pensions manager for employers participating in the fund.
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