In addition to the recent announcement of four senior appointments, Legal & General Retirement has appointed James Lumb as a Solutions Director in the Bulk Annuity and Longevity Insurance team.
James is a Fellow of the Institute of Actuaries and joins from corporate finance boutique TradeRisks where he advised companies in the essential services and infrastructure sectors on corporate finance and treasury issues. James has expertise in the structuring of long term secured debt, issued by these businesses to meet the investment needs of pension funds and annuity providers. Prior to TradeRisks, James was a corporate pensions consultant in Ernst & Young’s pension’s advisory practice, working with corporate businesses on a wide range of pension scheme issues.
Legal & General's Head of Bulk Annuity & Longevity Insurance business, Tom Ground, said: “James is an excellent addition to the team. As we continue to look for innovative solutions for our clients, as part of our commitment to deliver de-risking solutions that meet the needs of pension schemes of all sizes, his experience and expertise will be a great asset.
With more companies realising that insurance de-risking is within their reach, James’ experience of long dated secured investment opportunities will be used to ensure we continue to develop new innovative and affordable de-risking solutions for our clients. We are recognised for our innovation and our ability to offer tailored solutions - such as the recently completed deferred premium buy-in with the RetailLink Management Limited Pension Plan and we believe we have a team with the ability to continually rise to the challenge and deliver insurance de-risking solutions, to match the growing demands.”
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