General Insurance Article - AGFA appoints Hymans Robertson as scheme actuary and adviser

The Trustee of the Agfa-Gevaert UK (AGFA) Group Pension Plan has appointed Hymans Robertson, the independent pensions and risk consultancy, as actuarial and investment consultant.

 AGFA, whose largest UK operations are in Leeds and Brentford, develops, produces and distributes analogue and digital imaging systems and IT solutions, mainly for the printing industry and the healthcare sector, as well as for specific industrial applications. The scheme has approximately £300m of assets and around 1,700 members. 
 James Mullins, partner and scheme actuary at Hymans Robertson, said:
 “Following a competitive tender process we are thrilled to announce that we have been chosen as actuarial and investment consultants to AGFA UK Group Pension Plan Trustee. The key objective was to achieve a clearer and better alignment of funding and investment approaches to the delivery of members’ benefits. We look forward to developing a long and successful relationship with the scheme.”
 The Chair of the Trustee, Tom Clark, commented:
 “Hymans Robertson clearly understood our situation and the long-term objectives of the Plan. They delivered a comprehensive plan on how we could secure the benefits paid to members, without placing unnecessary strain on the company, taking a joined up approach to actuarial and investment issues. We look forward to working with them.”

Back to Index

Similar News to this Story

Business interruption is top risk for food and drink firms
Almost half of food and drink companies (48%) said that business interruption was the biggest internal risk to their success, closely followed by supp
Shipping losses hit all time low despite increasing risks
Allianz Safety and Shipping Review 2024: 26 large ships lost worldwide in 2023, down by one third year-on-year, the industry’s lowest ever total. War
The London Market grows contribution to economy to GBP50 bn
The London market employs 60,000 people and contributes nearly £50bn to the UK economy – 2% of GDP overall, an increase of 26% on 2020. To put £50bn i

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS


Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.