Investment consultant Redington has taken another step in its strategy to develop its consultancy offering beyond investment by welcoming two new faces to its senior team.
Natalie Flood and Jonathan Parker join the DC and savings team as the firm works to provide a more holistic approach to DC scheme management.
This is the latest in a series of moves in this strategy, which has so far included hiring Marian Elliot to build an actuarial offering, launching a division in China and recruiting a chief technology officer.
Redington launched a DC and savings consultancy in 2015 to help diversify its offering by advising large DC schemes and providers. Its clients include NOW: Pensions and TPT Retirement Solutions.
Flood (pictured) joins from Willis Towers Watson, where she led projects for DC schemes.
Parker has held senior positions across the asset management, insurance and consulting industries for the past 15 years, including stints at Barclays, Zurich Life and Willis Towers Watson.
Flood looks forward to working on a new approach to tackling what she describes as one of the biggest challenges of our time.
“Done right, the delivery of consulting and solutions to address the challenges around DC, retirement and savings can significantly impact members’ experience and help ensure better outcomes for all pension scheme stakeholders,” she added.
Redington head of DC and financial well-being Lydia Fearn said the new recruits are the next step in bolstering the firm’s offering.
“We believe there are a number of trends that are driving the evolution of long-term savings in the UK; increased responsibility for individual savers; a requirement on providers and governance bodies to demonstrate value for money; and greater levels of integration across different types of savings, enabled by technology,” she added.
