Redington adds new director to DC team
Redington, an independent pensions and investment consultant, has appointed Maggie Kearney as a director in its DC and financial wellbeing team.
Kearney has been in the industry for almost 30 years and joins from Accenture, where she headed up the firm’s Pension and Benefits team in the UK. Prior to this she held various DC focussed roles at organisations including Aon Hewitt and Hazell Carr (now known as First Actuarial). Kearney is a Fellow of the Institute of Actuaries.
The news follows Jonathan Parker’s appointment as Head of DC and financial wellbeing in July, after first joining the business in 2018.
Parker’s team works closely with a range of DC clients helping them to design innovative default funds, embed sustainability objectives into fund design and investment manager selection, assess value for money, as well as maintain compliance in all areas of DC regulatory governance.
The team is particularly passionate about harnessing the power of technology to help improve scheme audit and governance, identify potential cost savings and ultimately deliver better retirement outcomes to members. In 2020 it partnered with Ford Motor company to deliver the first worldwide pensions data analytics tool, which allows for side-by-side comparison of the value of pension provision across defined benefit (DB) and defined contribution (DC) schemes, globally.
Kearney’s hire will further bolster Redington’s existing team of specialists, as it continues to drive its proposition in the DC, retirement and wider savings space and work with an increasingly global client base.
Parker says: “Over the past few years, we have worked hard to develop a proposition that empowers trustees, Independent Governance Committees and employer sponsors to be smart in driving DC outcomes whilst ensuring best value for money. Maggie’s vast and varied experience means she brings a fresh perspective to the team which will be invaluable as we seek to further expand our offering. We are so pleased to welcome her on board.”
Kearney says: “Redington is known for putting the financial security of savers at the heart of what they do, something which is so important in our world. The team have built a fantastic offering in the DC space, underpinned by their award-winning technology proposition. I am excited to play my part in continuing to develop innovative solutions to help employers navigate the ever-evolving challenges surrounding workplace pensions and, ultimately, individual scheme members.”