This Session Will Explore…
How we got to where we are, including the progression from single-employer CDC, through to multi-employer and now Retirement CDC. We will examine the advantages and challenges of CDC and differing perspectives on these key considerations. Then looking ahead, we will consider the opportunities and challenges of Retirement CDC as part of guided retirement.
Speakers
Iain McLellan
Director, Isio
Iain is a consulting actuary and Director at Isio with over 25 years of experience advising on all aspects of pensions, with a particular focus on pension scheme funding and risk management. As well as acting as Scheme Actuary to a variety of trustee clients he advises a range of organisations on managing their pension arrangements (from large multi-billion pound to small single-million pound schemes).
He is also responsible for Isio’s national Pensions Research and Development team. This means he is at the forefront of developments in the pensions industry, responding to government consultations and engaging directly with regulators and policymakers. Externally, his professional volunteering includes serving as Deputy Chair of the Institute and Faculty of Actuaries’ Pensions Board, Deputy Chair of the Society of Pensions Professionals’ CDC Committee and is a member of the Association of Consulting Actuaries Pension Schemes Committee.
Stewart Patterson
Senior Director, LifeSight, Willis Towers Watson
Stew is responsible for leading the discovery and design of some of the most significant areas of innovation and future developments for LifeSight, WTW’s £27bn DC master trust. LifeSight’s ambitious target is securing better pension outcomes for people all over the country, and a lot of Stew’s focus is currently around decumulation solutions and support for members making their retirement decisions. Stew has previously had a variety of roles in WTW, including scheme actuary appointments to a number of DB schemes as well as leading a specialist derisking team, before joining the LifeSight team in 2021.
Johanna Clarke
Partner, CMS
Mark Humphreys (Chair)
Trustee Director, Law Debenture
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