Richard is a consulting actuary with a wide practice advising pension scheme trustees and corporate sponsors on managing the risk exposure within pension arrangements. Richard is a market leader in structuring alternative risk solutions, having played a key role in establishing the pension consolidation market and has taken multiple deals through to regulatory approval. His recent cases include leading the £2bn British Steel buy-out and £1bn Thomas Cook buy-out, as well as other deals for BHS, Alitalia and the Lloyd’s of London market. He has a keen understanding of the needs and commercial considerations of corporates when it comes to managing their pension obligations. He is praised by trustee boards for his pragmatic approach, cutting through to focus on the advice that matters to trustees and to member outcomes. Richard is a member of several industry working parties focusing on DB surplus.