Richard is a partner at Hymans Robertson who specialises in advising pension scheme trustees and sponsors on longevity swap and buy-in / buy-out transactions.
He has 18 years’ experience in advising schemes on buy-in transactions and has been involved in implementing longevity swap transactions since the market opened up for pension schemes in 2009. He has particular expertise in developing new transaction structures and implementation techniques that save clients’ money and meet specific needs.
As a result, Richard has led some of the most innovative transactions in this space, designing the £5bn Aviva longevity swap, broking the first combined buy-in and longevity swap framework, leading the independent review of a new commercial off-shore pension de-risking vehicle, and negotiating the first longevity swap conversion to buy-in that transferred reinsurance from one bulk annuity provider to a competitor bulk annuity provider.
Richard is responsible for overseeing the quality of the regulated advice carried out by Hymans Robertson on buy-in, longevity swap and other insurance risk transfer transactions. He takes personal responsibility for ensuring the quality, independence and client focused nature of our advice in this field.
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