Our values are to be straightforward, confident, partnering and friendly in all that we do, and our response to modern day slavery lives these values out by:
In relation to modern day slavery, we have a zero tolerance approach in every aspect of how we do business.
We are one of the UK’s leading independent pensions and financial services consultancies. We work alongside employers, trustees and financial services institutions, offering independent pensions, investments, benefits and risk consulting services, as well as data and technology solutions. The firm operates as an independent partnership employing over 1000 people in four UK offices in London, Glasgow, Edinburgh and Birmingham and a small number of staff based in the US. We are a part of the Hymans Robertson group, with the ultimate parent being Hymans Robertson LLP. We have an annual turnover of c.£95 million.
Our subsidiary companies provide data analytics (Club Vita UK LLP and Club Vita US, LLC), personal wealth financial services (Hymans Robertson Personal Wealth LLP) and investment management services for the UK retail advised sector (Hymans Robertson Investment Services LLP). Given our role in the financial services sector, we believe that there is a low risk of slavery or human trafficking having a connection with our business activities. In particular, we do not rely on agency staff or subcontractors to provide our core services and products. But there is no room for complacency in that belief, so, amongst other things, we have taken the steps detailed below.
The main policies include:
The responsibility for preventing modern slavery within our firm starts with a top level commitment from our Management Board, but requires the engagement of our entire workforce to successfully achieve our statistical goal of zero tolerance. We have therefore implemented an internal Anti-Slavery and Human Trafficking Policy to make our workforce aware of their individual obligations within the firm’s anti- slavery framework.
Hymans Robertson LLP is committed to ensuring that all directly employed and contracted staff receive fair remuneration for the job they perform. We are an employer committed to paying at least the living wage set each year by the Living Wage Foundation.
Our firm encourages all its workers, customers and other business partners to report any concerns related to its direct activities or supply chains. This includes any circumstances that may give rise to increased risk of slavery or human trafficking. Our whistleblowing procedure is designed to make it easy for workers to report any concerns or suspicions, without fear of retaliation.
Hymans Robertson’s employee handbook sets out all of our employment policies and principles. It includes our anti-slavery measures.
Most of Hymans Robertson’s workforce is employed directly on a permanent or fixed term basis. All employees who join us are subject to checks to ensure they are genuine applicants operating as free agents with the required level of propriety. These include verification of identity, references, evidence of qualifications, residency rights, criminal and financial checks.
For the few roles in our business which are filled by contractors or agency workers, we ensure that similar checks to those for employees are carried out. If using agency, we do this by obtaining written verification from the agency that the checks have been conducted and the outcomes are satisfactory. The agencies themselves will have been subject to our rigorous supplier relationship management process which includes due diligence on their organisation.
We operate a supplier verification and due diligence process. A copy of our anti-slavery statement is made available to our suppliers and we request and review a copy of their statement (where available), as well as undertaking a number of due diligence checks on them. When we are appointing a supplier, there are key areas and questions our process mandates that our staff must consider to ascertain whether there is an additional risk of slavery or human trafficking. These include country, sector, activity, business partnership, complexity, previous offender and pressure and low pay risks. For suppliers where there is deemed to be an additional risk of slavery or human trafficking, supplementary checks as recommended from our modern slavery risk assessment are completed. These include carrying out a site visit where appropriate. In addition, where we engage suppliers on our own terms, these contracts contain clauses enforcing compliance with the Modern Slavery Act 2015.
We communicate updates to this statement and our Anti-Slavery and Human Trafficking Policy to our workforce using our internal intranet and ask our workforce to confirm their agreement and understanding to these policies in our annual staff declaration.
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we have completed an assessment of the risks linked to modern slavery and the details of due diligence and/or other risk management processes we have in place, including identifying where modern slavery and any other labour issues are covered by the firm’s policies.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our group's statement on the prevention of slavery and human trafficking for the financial year ending 31 March 2021. It has been approved on 30 September 2021 by our Management Board on behalf of our Members, who will review and update it annually.
Hymans Robertson LLP
30 September 202`