Towers Watson has added two new faces to its pension settlement consulting team, reflecting growing demand from clients for help in establishing a de-risking journey plan.
Ian Mitchell joins the team having previously worked at UBS as an associate director in the pensions risk advisory division and as a consultant and actuary at JLT. His role at UBS as part of the investment bank's pension team focused on de-risking, synthetic buy-ins and longevity swaps.
He is joined as a new appointee by Ian Aley, who has been appointed as a senior consultant in the pension settlement consulting business. Mr Aley has spent over 16 years leading various teams that have developed and implemented insurance and banking de-risking solutions for pension funds.
He also joins from UBS where, as an executive director, he focused on the longevity hedging market. Previously he spent over 20 years at Prudential where he had experience of implementing bulk-annuity solutions and supporting its individual annuity and broader pension scheme services.
Mark Duke, head of settlement consulting at Towers Watson, said: 'I am delighted Ian Aley and Ian Mitchell have both decided to join Towers Watson and we very much look forward to working with them.
'The combination of Ian Aley's unique multi-disciplinary skills and Ian Mitchell's strong consulting experience will be invaluable to our clients as they seek the right de-risking solutions, helping us to maintain our market-leading position.'
Mr Mitchell will be starting on March 22, while Mr Aley
started on March 12. Both will be based in the company's London office.