Charles Cowling Quits Mercer To Join Pension Fund Consulting Group At Jardine Lloyd Thompson

Pension Capital Strategies (PCS) says Charles Cowling will be joining the company from the end of July. Cowling is currently a Worldwide Partner at Mercer Human Resources Consulting. He has also been one of the leading voices in the actuarial

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Pension Capital Strategies (PCS) says Charles Cowling will be joining the company from the end of July.

Cowling is currently a Worldwide Partner at Mercer Human Resources Consulting. He has also been one of the leading voices in the actuarial profession calling for change in the way companies approach and manage their pension schemes.

He has been Scheme Actuary to one of the largest pension funds in the UK and has advised many leading UK companies, including five FTSE100 companies. Cowling has served on the Council of the Institute of Actuaries and its Pensions Board and Professional Affairs Board.

“PCS is a new company set up as a member of the Jardine Lloyd Thompson Group, offering a new approach to managing corporate pension obligations,” says Peter Redhead, Managing Director, PCS. “PCS offers and coordinates expertise across the fields of corporate finance, investment banking and tax, as well as the core actuarial, pensions regulatory and investment capabilities. It provides companies with a single source of strategic advice and practical solutions to the defined benefit pension obligations which may be impinging on their business.”

William Nabarro, Chairman of PCS and Commercial Director of Jardine Lloyd Thompson Group, says the company is delighted to welcome a man with such “an enormous reputation in the pensions industry. He will bring considerable experience and expertise to the team at PCS and to JLT’s Employee Benefits businesses as a whole. Charles will work alongside Peter Redhead in building PCS which, I am convinced will develop as a substantial business within the JLT Group making a major contribution to helping companies address one of their principal problem areas, final salary pension scheme liabilities. Traditional firms of actuaries may be well placed to offer trustee services, but advising companies on their pension arrangements requires a much broader set of skills. PCS can provide that service, combined with an independent approach. This is timely and exciting new proposition not previously available. Under the new regulations and accounting regime, pension liabilities have a huge impact on a company’s balance sheet and cash demands, and often are the barrier to corporate restructuring and M&A transactions. It is vital that company boards and finance teams get the right independent expert advice. PCS will be able to offer the broad corporate finance and actuarial and other technical advice that is so vital in the current difficult times.”

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