LCP has appointed Chris Martin as principal to its specialist data services team, where he will focus on helping pension schemes prepare their data for successful insurance de-risking transactions.
Martin comes as an actuary from Willis Towers Watson, where he has been a data specialist for the past six years on their Project and Data Solutions team. He joined the company in 2010 and has been employed there since. In this capacity, he oversaw the data workstreams for numerous clients engaged in GMP equalisation as well as data rectification initiatives for substantial pension plans.
Martin’s new position will require him to collaborate closely with LCP’s longevity de-risking team to assist schemes in becoming insurance-ready, whether it is for a short-term transaction or a longer-term journey plan.
Martin says: “LCP always has its finger on the pulse of market changes and has differentiated itself as a leader in the de-risking market. I’m excited to work closely with LCP’s longevity de-risking team to deliver our clients a holistic service which will help them meet their objectives and ultimately achieve a successful endgame.”
LCP head of pensions strategy Michelle Wright says: “Chris joins us at a pivotal time in our industry when having high-quality data is more important than ever to ensure the best member outcomes. We’re delighted to be expanding the support we can offer our clients across the full range of data-related projects, providing valuable resource, expertise and insight as data journey planning and rectification initiatives become top priorities for pension scheme trustees and sponsors”.
LCP administration team partner Alan Casey says: “Schemes can’t run smoothly without good data and administration. That has always been true, but adding other issues into the mix such as GMP, Dashboards and being transaction ready in a competitive insurer market means that it’s more important than ever. Chris joining the team will really bolster our expertise in this area and will ultimately help more schemes get to where they need to be.”