Lifestyle Article - Hymans Robertson name new Head of ESG for Risk Transfer

 Paul joined Hymans in February 2020 and specialises on advising trustees and sponsoring employers on risk transfer transactions, with a particular focus on buy-ins. He has advised on buy-in transactions totalling over £3.7bn, ranging from £50m to around £1bn, since joining the firm. In this new position, as well as taking responsibility for comprehensive ESG reviews of the insurers, Paul will continue to refine insurer ESG ratings, monitor the insurers’ progress towards their Net Zero targets and continue to push the insurers to improve their ESG positions.

 Commenting on his new role, Paul Hewitson, said: “The scale of investment presents a critical opportunity for the UK to materially improve its ESG position. I’m keen to play a part in helping to influence the risk transfer market to capture this opportunity. The eight insurers in the buy-in market already have close to £250bn of assets under management and, given the material projected growth in demand for buy-ins, this is expected to grow to around £750bn over the next 10 years.

 “We can deliver long-term benefits to both pension scheme members and our wider society by helping to influence insurer behaviours on ESG. I’m looking forward to ensuring that our advice to trustees remains at the forefront of market developments.”