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Buck undergoes big restructure
29 April 2014
Buck Consultants makes two senior appointments to lead two new divisions
Bucks Consultants (Buck) has announced a restructure and two
new senior appointments.
The reshuffle will create two new divisions, one called
corporate solutions and the other, trustee services.
Corporate solutions will oversee employee benefits directly
managed by the companies, incorporating Buck’s
health and productivity, defined contribution (DC) and wealth,
talent and HR solutions, flex and employee share plan
"Employers are looking for an integrated approach for DC
pensions, combining flex administration, consulting and benefit
programme management," said Steven White, managing director,
Europe, at Buck.
He said that the corporate solutions division would meet this
John Deacon, previously director and head of Helm Corporate at
Helm Godfrey, will be head of corporate solutions. Ed Smithson,
who was deputy head of Helm Corporate at Helm Godfrey, will
report to Deacon and oversee Buck’s flex and share
John Yates, formally a benefits and DC consultant and client
manager formerly of Helm Godfrey, will also join the corporate
"John [Deacon], Ed [Smithson] and John [Yates] will join us at
a time of change in the world of corporate benefits, with
increasing focus on corporate DC, flex benefit programmes,
share plans, HR technology, risk broking and wellness," said
"Their appointments will reinforce Buck’s
ability to work with clients to design appropriate employee
Trustee services will support trust-based defined benefit (DB)
and DC schemes, including services for actuarial and
non-actuarial consulting, investment consulting, group risk
brokering and pensions administration. David Piltz, who has
been with the company for 18 years, has been appointed head of
Although the number of DB plans in the UK are falling quite
slowly, total DB plan asset values continue to rise which White
said creates a demand for specialist actuarial and consulting
expertise, investment consulting strength and a strong
administration platform for trustees.
"Structuring our trustee services into one division will enable
us to provide this expertise to many more DB pension plans,"