Andrew Vaughan FIA
Andrew advises a range of UK and international businesses on defined benefit (DB) pension issues including pension scheme funding, risk reduction exercises, pension benefit design, M&A transactions, and accounting disclosures.
Andrew’s extensive experience, clear advice and proactive approach have helped him to become a trusted consultant to a wide range of UK & multi-national businesses. Throughout his career, he has worked at board level with FTSE100 (or equivalent) organisations and major multinationals.
Significant experience:
- funding and related advice to UK and international clients across a range of scheme sizes and industries – the largest being a client in the financial services sector with UK pension scheme assets of circa £10bn
- liability management strategy and advice to an international client with a £3bn UK pension scheme
- extensive corporate M&A advice and due diligence to international businesses investing in the UK – the largest being an acquisition of a major UK automotive business with extensive pension obligations (circa £6bn)
- scheme re-design for a major FMCG business involving its UK workforce (UK scheme of circa £7bn)
- extensive experience of interaction with government and related agencies though various industry roles – for example, DWP, TPR and PPF
Comment & Insight
-
Research Exploring European companies with UK schemes
This survey relates to constituent companies of the Dutch AEX, French CAC40, German DAX, Spanish IBEX, Italian FTSE MIB and Scandinavian OMX share indices that have UK subsidiary companies with defined benefit (DB) pension schemes.
-
Blog post Exploring Dutch Companies: how to improve your DB funding levels
With pension scheme deficits having the potential to significantly impact a company’s accounts, company directors should be considering ways to improve their UK DB scheme’s funding level.
-
Blog post DWP consultation - an increased burden for companies?
The recent consultation published by the DWP is a blueprint for a new regulatory regime and a “clearer, quicker and tougher” Pensions Regulator. Andrew Vaughan, Partner, looks at what this means for companies sponsoring DB schemes.
Career
Andrew has 34 years’ experience in the pensions industry throughout which he has been advising corporate and trustee clients on actuarial and related matters – typically FTSE100 (or equivalent) organisations and major multinationals. He joined Barnett Waddingham as a partner in 2011 having previously worked at Mercer for 27 years where he was a senior/worldwide partner.
Memberships
- Chair of the Association of Consulting Actuaries 2012-2014
- Chair of the International Association of Consulting Actuaries 2012-2014
- Chair of the Defined Ambition Industry Working Group established by Steve Webb in 2012
Interests
Outside of the office, Andrew enjoys skiing, mountain-biking, football, theatre, music and a busy family life.