Barnett Waddingham has created a specialist standalone business to support trustees with pension management services.
Paul Jayson will be head of this new Pension Executive and Management Service, and will lead a team of 45 staff who have experience in a range of pension areas. Jayson is a partner at Barnett Waddingham having joined the company in 2006.
The team will support trustees and corporate with a broad range of services including:
- Trustee Executive Services – acting as the “in-house” team, running every aspect of the scheme including supporting the development of strategy, adviser management and oversight, governance structures, cash handling/accounting and member experience.
- Scheme governance and trustee secretarial services – including governance reviews, trustee effectiveness and risk management services
- Training – facilitation and provision for trustees and in-house personnel
- Secondments – covering specialist roles such as interim pensions managers
- Independent data analysis and reviews
- Project delivery for bespoke projects such as legislative/regulatory changes, GMP projects and The Regulator’s new code
- Project management of major projects by PRINCE 2 qualified project managers such as scheme changes resulting from corporate activity
Jayson says: “BW’s independence and infrastructure allow us to offer our clients a bespoke service with the resource to suit their specific needs. Whether clients need a whole new team, supplementary resource to work alongside an in-house team or have an existing team who can become part of the BW family, we can tailor our support to match the characteristics of the trustee board and aspirations for the scheme. We take a collaborative approach, priding ourselves on communicating clearly and effectively to deliver the best outcomes.”
He said the decision to make Pension Executive and Management Services into a standalone business area was a reflection of the experience of the people in BW’s team and wide range of clients they support.
He adds: “We have seen strong demand from our clients and have ambitious plans for continued investment and growth. The onus on trustees to continuously improve governance and controls in order to make better decisions, driven by The Pensions Regulator’s new code, makes the need for our flexible, pragmatic and empathetic approach greater than ever.”
