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

Ethnicity Pay Gap reporting must go beyond biggest employers
Ethnicity pay gap (EPG) reporting involves measuring and publishing the difference in average pay between employees from different ethnic backgrounds
Regulators combine to tackle poor claims management practice
The Financial Conduct Authority (FCA), Solicitors Regulation Authority (SRA), Information Commissioner’s Office (ICO) and the Advertising Standards Au
9 in 10 firms interested in insurance cover for Gen AI risks
Businesses worldwide are rapidly embedding Generative AI (Gen AI) into products, services and internal operations. While this brings significant oppor

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

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