Western Pension Solutions (WPS), the specialist pensions consultancy that provides strategic and practical advice to family businesses, has announced the appointment of Mike Kennedy as Director to grow the business in Scotland.
Mike has worked in the pensions industry for over 20 years, specialising in providing actuarial consultancy advice to trustees and employers to manage the risks in their pension scheme. He joined Western Pension Solutions in September 2018 having spent the previous ten years as a partner at Barnett Waddingham.
He has advised clients from a wide range of backgrounds on setting funding and investment strategies that reflect their own specific circumstances and objectives. This has included working with a number of family businesses across Scotland to manage their pension scheme risk within their affordability constraints and being mindful of their succession plans.
Ben Fowler, Managing Director of WPS, said: “As a business we work with family firms across the UK and have been working with clients and developing relationships in Scotland for some time. Now is the ideal time for us to continue to expand our operations in Scotland and we are delighted to welcome Mike to the team. He has some great experience and will help us in our strategic growth ambitions to further develop the business across Scotland.”
As Mike adds, “Family businesses are an integral part of the Scottish economy and previous experiences helping family businesses to set realistic longer-term funding objectives, implement procedures to monitor opportunities to de-risk investment strategies and consider the benefits of liability management exercises will stand me in good stead as I embark on this new opportunity with WPS. I am looking forward to meeting more family firms and developing our services here in Scotland and working with many of them in the years to come.”