Lifestyle Article - Broadstone appoint new Head of Corporate Services

 Broadstone has announced the appointment of Stuart Bradbury as its Head of Corporate Services.

 Stuart’s appointment comes at an important time for Corporate Services as the new Funding Code is expected to place increasing time and cost demands on the sponsors of defined benefit pension schemes.

 Broadstone’s Corporate Services team provides high-quality independent advice to sponsors to help them navigate funding and strategy discussions with scheme trustees, ensuring value for money from their pension arrangements. It also supports sponsors with scheme governance, journey planning, member options and managing the pensions implications of corporate restructuring.

 Stuart joined Broadstone last year as a Senior Actuarial Director and Head of Broadstone’s Advisory business in Manchester. He has strong industry experience spanning 20 years having worked at WTW, PwC and KPMG.

 Broadstone is a trusted adviser to over 400 trustee boards, including their pension schemes and sponsors, and a growing number of charities and private clients. It was voted the UK’s best Third-Party Pensions Administrator in 2022 by its clients with scheme membership ranging from as little as five to as many as 15,000.

 Stuart Bradbury, Head of Corporate Services at Broadstone, commented: “Independent advice is hugely important for sponsors, particularly given rising cost pressures as pensions regulation evolves.

 “The incoming Funding Code should act as a trigger point for sponsors reviewing their governance and advisory arrangements. Doing so will help them agree a sensible long-term strategy to reach a ‘low dependency’ position, taking account of the sponsor’s wider aims and managing the risk of trapped surplus in the scheme.”