Towers Watson expands defined contribution pensions team

Towers Watson has expanded its defined contribution (DC) team with the appointment of Richard Sweetman as head of DC pension consulting, and Rob Walker and Michael Varma as senior DC consultants.

Sweetman will be responsible for the delivery of DC consulting for the Edinburgh, Leeds and Manchester offices. He has been with Towers Watson for nine years, and has over 20 years’ experience in pensions consulting, advising organisations and trustees on the establishment and management of DC arrangements.

Walker has over 20 years’ experience advising both employers and trustees on all aspects of DC pensions and employee benefits. He returns to Towers Watson from Barclays’ corporate pensions and benefits division.

Varma also has over 20 years’ experience in the pensions and financial management sector, with 13 years at KPMG and RSM Tenon Financial Management.

Kevin Stratford, head of DC consulting at Towers Watson, said: “DC pension provision is a key component of most organisations’ reward packages and, with auto-enrolment slated for legislation in the UK in 2012, it will become increasingly important.

“The expansion of our DC consulting team across the northern offices reflects this and will enable us to provide our clients with the necessary advice and support at this critical time.”

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