About HS Trustees Ltd

Speciallist in Investment Scheme Mergers/M&A, DC (MasterTrust selection), AdministrationDB & DC, Comms, Risk Benefits

Steve has over 36 years’ experience in the pensions industry and joined Goddard Perry in 1993 when the organisation was known as Michael Kirk & Partners Ltd. Steve previously worked for Scottish Equitable (now Aegon), Scottish Life (Now Royal London) and Hill Samuel. Steve is the CEO of Goddard Perry and is also the Chairman of HS Administrative Services Ltd. Steve has been instrumental in the growth of the Group via both organic development and a number of acquisitions. Steve’s knowledge extends to all services related to DB & DC schemes and has developed a number of solutions for the Pension Protection Fund (PPF), Corporate sponsors and Trustees. Steve was a founder of the Salvus Master Trust (now Cushon) and has produced a number of press articles for the Master Trust community in general.

Background

A very experienced global pension and benefits executive and Trustee with c40 years of pension industry knowledge and understanding covering the telecommunications, pharmaceutical, insurance, banking and manufacturing sectors. Expert in all aspects of pension scheme operations from both Trustee and sponsor perspective with particular emphasis on pension strategy, governance, de-risking and liability management, design, administration and management of both large and small pension schemes (DB, DC, CARE, CDC and hybrid) both in the UK and overseas. Lead on M&A activities for HR including due diligence, integration and disposals.

Expert in pension strategy and design, governance, pension administration and risk management along with great stakeholder management skills and with a focus on customer service. High level of pension knowledge in legal and regulatory framework, finance and investment. Deep understanding of needs of Trustees and sponsors as well as scheme members. Have been at the heart of leading successful pension change both in the UK and overseas. Responsible for member communications and education on pension and related matters.

May 19 onwards - Kevin OBoyle Consulting Ltd

Established my own firm to provide strategic advice and management of de risking, design, strategy and management of complex pension solutions for companies and Trustees. Also provide Trustee services including secretariat.

Sept 2005 – April 2019 - Head of Global Pensions and Benefits BT plc.

Responsible for all pension schemes and risk benefits worldwide (c 70 pension schemes including 15 in the UK). These include the BT Pension Scheme -the largest private sector pension scheme in the UK (assets c£50bn and 300,000 members). This scheme has a very high public profile in how it operates and is subject to much public scrutiny, particularly given its size relative to the market capitalisation of BT. Responsible for all aspects of one of the largest DC schemes in the UK - the BT Retirement Saving Scheme with 70,000 active contributors and annual contributions of c £500m pa. Trustee chair of a number of smaller retirement or death benefit arrangements both in the UK and the USA. Role includes managing funding, de-risking and liability management exercises (longevity swops, buy in/outs, pension increase exchange, partial transfers). Provide support for Trustee entities including full secretariat and advisory services for a number of BT schemes. Director or Chairman of a number of BT legal entities including fiduciary of US pension and benefit arrangements. Member of Pension Risk Advisory Group focused on investment of DB scheme assets. Devised and led many change programs for BT pension arrangements in the UK and USA. Developed forward looking and award winning member engagement program.

June 2003 - August 2005 - Pension director for RSA Ltd

RSA (Royal and SunAlliance Group of companies) as consultant and adviser to support company and multiple Trustee Boards through period of change. Included pension design reviews and implementation of changes following consultation (closure of DB schemes), changes to Scheme investment strategy and de-risking, appointment of external third party administrator to replace 5 internal and geographically dispersed in-house pension administration teams.

April 1999 - May 2003 - Global Head of Pensions at GEC

Trustee of the GEC (1972 Plan), director of Stanhope Investment Management and Stanhope Pension Services - a corporate Trustee company of over 30 Group pension funds and Head of Pensions for the Group. Managed internal UK pension legal team and administrator. Chief Executive of Greensboro Associates, a benefit consultancy business, providing strategic pension advice, administration, investment, legal and actuarial advice for both GEC group companies and external US companies. Responsible as both Trustee and Sponsor for pension activities through very difficult time for Plan and Sponsor involving high level of stakeholder management. Trustee of the Shipbuilders Industry Pension Scheme - a Master trust until divestiture of ship and submarine building business.

November 1998 -April 1999 Head of UK and International Benefits for SmithKline Beecham (now GSK)

Responsible for all aspects of pension and benefit provision for group employees in the UK and internationally including pension strategy, design, administration, risk management, regulatory and pension scheme secretariat and adviser for Trustees of UK pension schemes. Substantial risk management and design change implemented including establishment of DC arrangements to replace DB schemes. Creator of Common Investment Fund to enable participating DB schemes to benefit from more cost effective and wider diversification than would have been possible for each scheme acting alone.

January 1983 to November 1998 International Pensions Manager for Standard Chartered Bank Responsible for pension scheme strategy, design, administration and investment alongside support to Trustees of c 60 Pension Trusts in the UK and overseas. Established governance and risk management framework. Designed and managed change in multiple jurisdictions. Ensured legal, regulatory and actuarial processes introduced.

Sept 1980 - December 1983 Consultant Noble Lowndes

Graduate Trainee covering all aspects of pension support to companies and Trustees particularly in the strategic, design, administration, investment and actuarial space.

Education and other relevant activities

MA (Hons) Economics Graduate from Edinburgh University

Member of PLSA DC Council (2015-18)

Member of CBI Pension Panel (2005-2019)

Member of Pensions Europe Multinational Advisory Group (2009-2019)

EIOPA Occupational Pensions Stakeholder Group member (2016-2018)

Passed tPR Trustee Knowledge and Understanding toolkit

Email kevin@kevinoboyleconsulting.co.uk

Mobile 07487839688

Adrian is a manager with extensive experience of all types of pension schemes as well as outsourced pension services from the perspective of employer, trustee and scheme member, gained during a career covering most aspects of UK benefits provision. He maintains his technical knowledge in the face of ever increasing legislative change and can manage providers, undertake reviews and support strategic development and delivery. He sees today's challenges as an opportunity for dynamic enterprise, seeking out innovative, creative solutions to drive continuous improvement alongside value for money, to meet the needs and expectations of all stakeholders.

He is also a Professional Trustee (PTPMI (Accred) accredited by the Pensions Management Institute.

Jackie has over 35 years’ experience both in corporate pensions management both in house pension schemes and as a consultant working with large UK companies and companies with USA parents. Jackie is a Fellow of the Pensions Management institute (FMPI). She has completed the Pension Regulator’s Trustee tool kit and will be taking her professional Trustee qualification shortly. She undertook a significant amount of work for the Pensions Institute and became qualified some years ago to help with the qualification in pensions administration where she was an internal and external verifier assisting companies who did not have the expertise in house.

She set her own business up in 2000 to fill the gap in the market place of good quality Professionals. She has provided secretarial services to Trustees, project management, process mapping, strategy and communication reviews, risk control, de-risking, liability management, budget monitoring, management of third parties and works very closely with both Trustees, Corporate Trustee boards and Sole Independent Trustees.

She has been involved with a wide variety of Schemes over the years, some with assets between £10 to £25 million, and other Schemes over £50  to £900 million. Jackie is very familiar with numerous asset classes and understands the issues around de-risking too early.

Her work has covered both DB and DC Schemes, mainly trust based but also some contract-based arrangements. She has been involved in a number of acquisitions both private and public sector and is very familiar with data rooms. Jackie has found ways to reduce corporate costs and merge pension schemes where possible to simplify arrangements for both the Trustee boards and sponsor.

Jackie has worked with many different Trustee boards and is competent in her work with Trustee boards and is now expanding into an area she is very familiar with.