Towers Watson has appointed Nico Aspinall to lead its UK Defined Contribution (DC) Investment business. He joined in February and is based in the company’s London office.
Nico, a Fellow of the Institute of Actuaries, joins Towers Watson after four years at the Barclays Bank UK Retirement Fund, where he was an Associate Director for DC and Communications. His responsibilities there covered all elements of the Trust’s DC strategy including investment strategy and manager selection; implementation and transition management; and delivering communications to more than 250,000 members. Prior to his role at the Barclays Bank UK Retirement Fund he was a consultant with Deloitte.
Chris Ford, EMEA head of Investment at Towers Watson, said: “I am very pleased to welcome Nico to Towers Watson where he will lead and grow the DC Investment team. His appointment comes at a time of increasing demand from clients for innovative and cost-effective DC solutions in the rapidly changing UK pensions environment.”
This announcement follows other recent significant appointments in Towers Watson’s DC business, notably Richard Sweetman as head of DC pension consulting for the company’s Northern region and senior consultant Michael Varma, who has over 20 years of relevant pensions experience. Towers Watson has one of the largest DC consulting teams in the UK comprising around 100 specialists covering all aspects of DC including investment, plan design, provider selection, administration and HR issues. The company is looking to further expand this team in the coming months, in response to growing client demand for these services.
Nico Aspinall, head of DC Investment at Towers Watson, said: “I am delighted to join Towers Watson and to lead the DC investment team in the UK. I know that this is a really challenging time for our clients and I look forward to bringing my deep in-house experience to help design and deliver the best solutions for them.”
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