Redington bolsters DC business with two senior hires
Natalie Flood and Jonathan Parker have joined Redington as the business continues to grow its DC & savings team and offer a level of consultancy beyond investment.
This is one of several developments for the company, including the recent hire of Marian Elliot, launching a new business arm in China, and the hire of a new CTO, to support its mission to make 100 million people financially secure.
Flood brings over 10 years’ experience and joins from Willis Towers Watson, where she led successful projects with high profile DC schemes. She is also in the final phases of completing an Executive MBA at Cass Business School.
Parker has been running his own consulting firm since 2016. Over the previous 15+ years, he held senior positions across the asset management, insurance and consulting industries, including spells at Dimensional Fund Advisors, Barclays, Zurich Life and Willis Towers Watson.
Redington launched its DC & savings consulting offering in 2015 as part of the firm’s dedication to diversifying the business and providing clients with an alternative approach to shaping and informing advisory services. In that short period, it has increased revenue by 132%* and become a trusted advisor to a number of large DC schemes and providers, including NOW: Pensions and TPT Retirement Solutions.
The appointments serve to complement Redington’s recognised investment expertise and technological capabilities, allowing it to offer clients an ever more holistic and advanced approach to managing their DC, retirement and wider savings challenges.
Flood said: “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. I am excited to be joining Redington and working with the team to deliver a new approach to how we tackle one of the biggest challenges of our time.”
Parker said: “Redington puts the financial security of millions of savers at the heart of everything it does. I am delighted to be joining the team as it seeks to work with clients to deliver a coherent, integrated pension and savings offering, that is truly valued and trusted by individual savers.”
Lydia Fearn, Head of DC and Financial Well-being at Redington said: “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. Redington is positioning itself to be at the forefront of these trends, and hiring Natalie and Jon is the next step in bolstering our offering.”