Hilary Salt, a founding partner of First Actuarial has announced her retirement.
Salt was one of nine partners who founded First Actuarial in 2004. The business has grown substantially since then and recently posted an annual turnover of more than £33m.
Salt is a qualified actuary who began her career in 1981 at Refuge Assurance in Manchester. She has also worked for Willis Towers and Hazell Carr, and previously spend a decade running her own pensions training and advice consultancy.
Salt has been an active member of the pensions profession throughout her career. She has played an instrumental role in a number of national initiatives, including The Pensions Regulator’s funding industry working group. Along with First Actuarial’s Derek Benstead she also helped devise the first CDC pension, with the Royal Mail and the Communications Workers Union. She described this as the “best hope of closing the generation gap in pensions”.
In 2012, she was named Actuary of the Year.
Salt says: “I’m really sorry to leave behind lots of fantastic clients and colleagues at First Actuarial and I will miss them. But after 20 years I do feel that the time is right for me.
“The team here has developed to a level where they can carry on without me. That gives me the freedom to tackle a very different challenge. Throughout my pensions career, I’ve worked hard to improve the lives of ordinary working people. I intend to continue to do that in the wider world by playing an active role in the forthcoming general election.”
