K3, the pension market’s only specialist independent bulk annuity and consolidator advisory business, has appointed Nicola Duncan as Actuarial Consultant. The new hire continues the development of K3’s team following the business launch in January.
Adam Davis, Managing Director at K3, commented: “It is fair to say the buyout market has never been busier, as more schemes than ever are already in position, or nearing position, for this to be a viable and sensible option for them. K3 is unique in the buy-out advisory market for having both insurer and pensions consultancy experience and these insurer relationships are something we are particularly proud of, as well as our expertise in supporting small schemes. Where smaller schemes have struggled to date has been with access to experts and resources – but this is something we are focused on addressing. As such, we are committed to hiring the very best people to service them and Nicola’s appointment is the latest move in supporting this aim, as well as aiding the growth and development of the business as a whole.”
Davis continued: “Nicola will have a dual aspect to her role: working on project delivery to clients – from buyins and buyouts, to consolidator transactions, and also leading on technical aspects such as developing our solvency basis and working closely with insurers on deals.”
Nicola Duncan has over a decade of experience working in pensions consultancy across large scale projects since becoming a qualified actuary. She has advised a range of trustee and corporate clients, both in type and size, including those in financial services, public sector, manufacturing and oil services, as well as a large drinks firm, a construction company and a major publisher. Nicola has held several roles during her career, notably for Willis Towers Watson and, most recently, Mercer, where she worked for over seven years.
Notes to editors
K3 Advisory is the pension market’s only specialist independent bulk annuity and consolidator advisory business. Using first-hand experience from both the insurance and pensions sectors, K3 Advisory provides trustees and scheme sponsors with advice and brokering services to secure a smooth and effective transfer of liabilities to an insurer or consolidation vehicle.
The business was founded and formed by Adam Davis in 2018 with the aim of improving the accuracy and management of the bulk annuity and consolidation markets for the benefit of all involved.
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