David advises trustees and sponsors of defined benefit pension schemes on a range of actuarial issues. David also works to support schemes moving through the PPF assessment process.
David provides Scheme Actuary advice to Trustees of ongoing schemes. He also works within the PPF services team, providing advice to schemes throughout the PPF assessment period and beyond for schemes that ultimately wind-up outside of the PPF.
David has particular expertise in advising schemes through the technically demanding challenges of “PPF+” wind-up, including advising on individual allocation of asset shares, the actuarial impact of PPF specific legal rulings, and advising on top-ups to historic CETVs to reflect the impact of GMP equalisation.
David is also a member of the firm's Pensions Actuarial Technical Committee which carries out research and provides technical support across the firm.
Significant experience:
- Providing actuarial support to the Old British Steel Pension Scheme including for the £2bn PPF plus transaction and ultimate wind-up
- Leading client delivery for clients ranging in size from assets of less than £10m to £2bn
- Supporting trustees with Scheme Actuary advice, valuation negotiations, journey planning and funding monitoring
- Preparation of corporate accounting disclosures, including complex situations and short timescales
Other expertise:
David volunteers as part of the IFoA Examination Team and is involved in both setting and marking actuarial exams.
