In his role as Chief Actuary, David is responsible for leading the firm’s actuarial thinking, from both a technical and professional standpoint. He will also ensure that this is disseminated across Broadstone’s actuarial team which now counts over 100 qualified and part-qualified actuaries.
Alongside these responsibilities, David also chairs Broadstone’s Joint Funding & Investment Committee as well as working closely with the research team on providing technical briefings to clients and commenting on current DB pension issues.
Already in his new role David has been providing support in the aftermath of the ‘mini budget’ and the financial instability that ensued.
He has been busily examining the full intricacies of the proposed new funding regulations and draft DB funding code, as well as helping formulate Broadstone’s consultation responses.
David joined Broadstone in 2019 and brings over 20 years of experience to the table. He will continue to maintain an active client portfolio, supporting trustees in sensibly managing their DB pension schemes in a pragmatic and cost-effective manner.
David Hamilton, Chief Actuary at Broadstone, commented: “I’m honoured to be appointed Chief Actuary and will continue to build Broadstone’s reputation for high- quality, practical advice.
“There is an ever-growing amount of information for our actuaries to understand, filter and translate for our clients and it is exciting to oversee all of this and help to ensure key messages can be identified and delivered clearly in a wide variety of scheme-specific circumstances.
“With both regulation and financial modelling becoming increasingly complex, volatile market conditions and fundamental uncertainty around areas such as mortality, there are numerous risk areas where trustees look to us for guidance.
“I’m proud to be leading a talented and growing team of actuaries in meeting this challenge, working alongside Broadstone’s market leading administrators as we support our clients.”
Nigel Jones, Head of Consulting & Actuarial at Broadstone, said: “David brings phenomenal experience and pedigree to the role of Chief Actuary. He has consistently proven outstanding clarity of thought and communication throughout his career and that will be invaluable for DB schemes dealing with the current regulatory change and macro-economic uncertainty.”
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