First Actuarial has appointed actuary Steve Deverell-Smith to provide employer services to the firms growing private sector client base.
Deverell-Smith joins from WTW where he has worked for over a decade advising trustees and employers on a range of pension-related issues. In this role he worked with a range of sponsors, from multinationals through to family-owned businesses. Prior to this Deverell-Smith worked at KPMG.
This appointment comes after a period of growth at First Actuarial with the firm reporting record revenue levels, with turnover growing by 19 per cent in the year to 31 July 2023. The company has been expanding and now employs 430 people across its five offices.
Deverell-Smith says: “UK pension schemes have been on an incredible journey over the last 18 months. While some have found themselves hitting their objectives much earlier than expected, many remain undecided on what to do next. Whether their next step is buy-out or one of the ever-growing list of ‘new world’ alternatives, First Actuarial is perfectly placed to offer fresh thinking and independent services.”
He adds: “It’s an exciting time to be joining First Actuarial. Growth is important to the business, but there’s a recognition across the firm that it must be done in a way that is sustainable, allowing us to continue to meet client expectations. I hope to play my part in balancing growth with client care.”
