Mercer, to meet increased demand in the UK pensions scheme risk transfer market and to further develop its Mercer Pension Risk Exchange, has appointed 25 year industry veteran Martyn Phillips as Partner.
Prior to joining Mercer, Martyn Phillips was a Director and Head of Buyouts at JLT Pension Capital Strategies. He led the firm’s Buyout team to secure de-risking solutions for their DB pension schemes. Prior to this, he worked as a Senior Consultant, providing pension scheme de-risking advice, at Lane Clark & Peacock from 2010 to 2012. Between 2006 and 2010, Phillips worked as a Corporate Deal Principal at Prudential and from 1997 to 2005 as a Senior Consultant for Towers Perrin. Phillips started his consulting career in 1989 at Bacon and Woodrow, after which he moved to Aon Consulting in 1996.
Philips holds a Bachelor degree in Accountancy and Financial Analysis from Newcastle University.
According to Mercer, the trend of trustees implementing plans to transfer their pension obligations to insurers will be pushed up in the coming years, providing significant growth to the risk transfer market. To capitalise on that growth, Mercer appointed Martyn Phillips as a Partner. Phillips will leverage his more than 25 years of industry experience for clients requiring larger transactions advice, as well as to support the further development of Mercer’s recently launched Mercer Pension Risk Exchange.
“With over 25 years of industry experience, Martyn is a great addition to Mercer and the Bulk Pensions Insurance Advisory Group. As we seek to strengthen our lead in this specialised field of strategic advice, I know our clients will appreciate Martyn’s foresight and specialist experience,” comments Mark Condron, Mercer’s UK Retirement Business Leader. “I am excited to be joining Mercer’s market-leading team,” adds Phillips. “I look forward to helping to firmly reinforce Mercer’s ability to support clients of all sizes through well-managed, effective broking processes, leading to enhanced de-risking opportunities for our clients through the use of our innovative Mercer Pension Risk Exchange platform.”