Pensions and Life Insurance

The pensions and life sectors have long been critical investors, holding huge asset portfolios over the longer term. Many firms have a long and important history, and the sectors boast a diversity of corporate structures from mutual and friendly societies to listed corporates.

Over the past decade these sectors have seen significant regulatory change, and structural reform, some of which has led to major regulatory scandals and past business reviews, such as DB transfers.

Consumer Duty represents another substantial change in regulatory expectations.

Our team has significant experience of working in the sector, including an understanding of the specific needs of mutuals, governance arrangements, and Consumer Duty obligations.

Our Approach

We work with principals and their agents to ensure they comply with UK regulatory requirements and best practice standards. Our clients range across small specialist, regional firms to large multi-product international businesses and businesses looking to start up in the UK. We work closely with them to enhance their operating model, expertise and culture to create a resilient sustainable business.

Our industry knowledge and experience in risk, compliance, governance, culture, operations, technology and audit allows us to carry out culturally-sensitive independent assessments of pension and life firms' design and operational effectiveness.

Whether a firm is responding to the requirements of regulators or implementing change for operational efficiency or following other reviews, we collaborate with the business to ensure remediation or transformation work is suitable for each client and sustainable for the long term.