Hymans Robertson has appointed John Taylor as Head of Delivery for its Guided Outcomes (GO) proposition, a form of Defined Ambition pioneered by Hymans which delivers greater DC scheme understanding for employers and a better approach to meeting retirement goals for employees.
John joins the firm from NEST (National Employment Savings Trust), where he was Managing Director of Customer and Proposition. An experienced leader in financial services, he previously held marketing director roles with Lloyds Banking Group and Standard Life before joining NEST. In his new role he will be responsible for leading the delivery of GO’s technology platform and the ongoing operation of the proposition.
Hymans Robertson launched GO in 2013 to address the view that DC schemes don’t provide adequate incomes in retirement for employees and represent poor value on the investment made by employers. GO’s approach keeps things simple by setting a target income requirement for an employee at the outset and then actively supporting them to help them stay on-track to achieve their target.
Commenting on John Taylor’s appointment, Chris Noon, Partner at Hymans Robertson, said: “John’s appointment is another key step in building our Guided Outcomes service for clients. His track record in the industry and particularly his history of developing platforms fits perfectly with what we are building. His work at NEST has also put him right at the centre of the ongoing efforts to make DC work better for members.
“The question of whether DC can generate adequate retirement incomes continues to vex employers and cause doubt in the minds of employees. Guided Outcomes addresses the concerns of both groups to ensure DC can.
“It allows employers to stay on top of DC scheme management, understand if their workforce are on track to meet retirement targets and help them make adjustments if they’re not. For employees it offers simplicity and a clear understanding of exactly what is needed to reach their desired retirement income.”
John Taylor added: "I’ve really enjoyed my time at NEST and am now delighted to be joining Hymans Roberston, another organisation I've long admired. The opportunity to lead the delivery of Guided Outcomes, a unique development that can make a significant difference to DC savers, was too great to resist.”
John will begin his new role in May. He qualified as an actuary in 1997 after receiving a Diploma in Actuarial Science from Heriot-Watt University. He also holds a PhD and BSc (Hons, 1st Class) in Pure Mathematics from University of Glasgow.
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