Plenty of statistics show that the tragedy of slavery and exploitation is alive in our nation. At Hymans Robertson statistics are a vital raw material for our business. We know though that it is not the numbers, but the story behind them, and how we respond to that story that counts.
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:
The statistical goal we have in mind on modern day slavery is zero tolerance in any aspect of how we do business.
Below are just some of our ways of seeking that goal.
We are an independent professional services firm within the financial services sector, owned by its working partners. We are a part of the Hymans Robertson group with our head office in the UK. Our group has over 750 employees and partners, all of whom are based in the UK, and we have annual turnover of over £80 million.
We provide actuarial, investment, administration, risk management, technology and consulting services.
Given the nature of what we do, we believe that there is a low risk of slavery or human trafficking having a connection with our business activities. But there is no room for complacency in that belief, so, amongst other things, we have taken the steps detailed below.
The policies we have in place and our anti-slavery statement, reflect our commitment to:
The main policies include:
The responsibility for preventing modern slavery within our firm starts with a top level commitment from our board of directors, 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. These rates are based on research and reflect the levels of income required to meet a socially acceptable minimum standard of living. In addition, we are conscious of the levels of remuneration within the market place and carry out annual salary reviews across our business using external benchmarking data.
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 make disclosures, without fear of retaliation.
Hymans Robertson’s employee handbook sets out all of our employment policies and procedures. It includes our expected “Standard of Conduct” which includes anti-slavery measures.
Being aware of the contents of our employee handbook is one of our mandatory policies, which we expect all employees to observe; every employee signs an annual declaration confirming their familiarity with our mandatory policies.
Most of Hymans Robertson’s workforce is employed directly on a permanent or fixed term basis. Our recruitment takes place through a combination of direct advertising on our website and in industry publications/digital media; using reputable agencies and relying on referrals from employees within our organisation.
The firm only uses specified, reputable employment agencies and has a set of standard terms and conditions of business with each agency. We verify the practices of any new recruitment agency as part of our terms of business with them and before accepting workers from that agency. We also request and review a copy of the agency’s modern slavery statement.
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, 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. 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.
For contractors who engage with us directly, Hymans Robertson undertakes the same checks as we would for a direct employee.
We believe in treating everyone fairly, in an open and trusted business environment. This extends to supporting our employees’ physical and mental wellbeing through our Wellbeing programme managed by our Wellbeing Champion volunteers.
We operate a supplier verification process. We give all suppliers a copy of our anti-slavery statement, request and review a copy of their statement, as well as undertaking a number of due diligence checks on them. For suppliers where there is deemed to be an additional risk of slavery or human trafficking, supplementary checks are completed.
We communicate updates to this statement and our Anti-Slavery and Human Trafficking Policy to our workforce using our internal intranet. To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we require all our supplier relationship managers to complete training on modern slavery as part of our wider supplier contracts training.
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 2018. It has been approved by our board on behalf of our Members, who will review and update it annually.
Hymans Robertson LLP
Date: 31 March 2018