Redington continues integrated push with actuarial hire

Redington, the leading independent investment consultant, has hired former Deloitte actuarial director Marian Elliot into its DB business, as part of its commitment to broaden the experience and expertise it is able to provide clients.
Elliot brings over 10 years actuarial experience including senior positions at Spence & Partners and Atkin & Co. This is one of several recent developments for Redington as it looks to expand its reach and harness the power of digital innovation, including launching a new business arm in China and the hire of Adam Jones to the newly created role of Chief Technology Officer.
This hire will allow the firm to deliver a level of consultancy beyond investment. By taking actuarial skills in house, it can take a more integrated approach to risk management (across funding, investment and covenant risks) and continue to deliver the best possible outcomes for clients’ objectives. This broadening of services will also play a key role to support Redington in its mission to make 100 million people financially secure.
This will also allow the firm to take advantage of technological advancements across the industry, complement its investment expertise and forward-thinking approach to technology, and enable it to offer an ever more integrated and advanced approach to scheme management.
Elliot said: “Redington’s lack of legacy actuarial activity gives it a unique chance to differentiate itself from its peers and form a totally fresh approach to the discipline. Integrated Risk Management (IRM) is about more than ticking a regulatory box. Done well, it can significantly move the dial in generating better outcomes for all pension scheme stakeholders. I am excited to join the team and to leverage its existing skills, smart use of technology, and relationships across the market, to deliver a new approach to how we tackle IRM for our clients.”
Dan Mikulskis, Head of DB Pensions at Redington, said: “We believe clients are increasingly looking for their DB advisers to be more integrated (across investment, funding and covenant considerations) and technologically enabled. Redington has a continued belief in an alternative approach to shaping and informing advisory services and we are positioning our business to be at the forefront of both of these needs. Hiring Marian is the next step in bolstering this integrated offering – we can’t wait for her to get started.”