Redington names Jonathan Parker new Head of DC
Jonathan Parker has been named Head of Defined Contribution and Financial Wellbeing at UK consultant Redington. The news follows the announcement that Lydia Fearn has joined Capita Employee Solutions to lead its investment team.
The UK pensions and actuarial consulting market currently commands combined revenues of around £2.5 billion, with that number likely to rise further in the near future. Almost three-quarters of UK defined contribution (DC) benefit plans are cash-flow negative, placing them in a precarious position amid a volatile geo-political and economic environment. Many in the sector are turning to sustainability and diversification drives to shield assets from the increasingly unpredictable market.
Founded in 2006 by Robert Gardner and Dawid Konotey-Ahulu, Redington is an independent investment consultancy, working with pension funds and other long-term savings institutions to solve their biggest problems. As it looks to help clients adapt to the fast changing DC environment, Redington has installed a new Head of Defined Contribution and Financial Wellbeing.
As reported by industry publication Pensions & Investments, Jonathan Parker was confirmed for the role by a company spokesperson, taking up the role having spent the last two years as a Director in Redington’s DC practice. Parker brings more than 20 years of experience to the position, having held a Senior Investment Consultant role with Watson Wyatt (now part of Willis Towers Watson), and been Head of Corporate Wealth Investment Strategy with Zurich Financial Services.
Parker was also Head of Investment Proposition with Barclays Wealth and Investment Management, before becoming Head of DC and Regional Director for Dimensional Fund Advisors. In 2017, he became an Independent Trustee of Aviva's master trust – a position he will continue to hold alongside his duties with Redington.
The news sees Parker replace Lydia Fearn, who is joining Capita Employee Benefits. She brings over 18 years of investment and consulting experience to Capita, having worked at some of the country’s leading companies on both fronts.
