Akash Rooprai

Trustee Director

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With over 30 years’ pensions experience, Akash is a qualified actuary and leads a range of pension schemes with a variety of sizes and circumstances.

Akash is a Trustee Director at IGG working on a set of pension schemes of a range of sizes and circumstances. Previously, he was lead of the Sole Trusteeship proposition for over two years and transitioned five schemes to sole trusteeship some with complex projects in progress at the same time. He has carried out many buy-ins/outs and GMP Equalisation projects as a trustee and is working through several wind-ups.

Prior to trusteeship, Akash had wide industry experience at leading consultancies and an insurer. He was a Scheme Actuary for many years, advising on schemes of all sizes on their pensions issues. He has industry-leading knowledge of pension risk management and journey planning, and is respected by industry leaders in this area. He has a wide network across the EBCs and insurers up to the most senior levels..

Akash previously chaired the Institute and Faculty of Actuaries’ Bulk Annuities and Longevity Swaps member interest group for four years and chairs the data sub-group of PASA’s GMP Equalisation Working Group.

Akash is a fully accredited trustee with the Association of Professional Pension Trustees (APPT).

  • Administration and data matters
  • Contract negotiation (appointments & bulk annuity)
  • Co-ordinating multiple parties collaboratively in projects with tight deadlines
  • GMP equalisation as well as reconciliation and rectification
  • Managing relationships and dealing with difficult issues
  • Pension scheme funding, including negotiations
  • Pensions Risk Management, including risk transfer – especially bulk annuities, journey planning, asset strategies and data consulting
  • Sole Trusteeship
  • Helped a set of lay trustees deliver a valuation and a buy-out within two weeks of the appointment to a scheme where The Pensions Regulator (TPR) was involved and there had been a change in employer. Akash has also set up the wind-up project in an efficient way by setting an holistic strategy at the outset and coordinating the various advisers. Part of this included designing a communication strategy to communicate the buy-out, GMP reconciliation and equalisation, and ultimate wind-up.
  • Led several GMP Equalisation projects in an efficient and pragmatic manner. Akash is able to coordinate advisers in a way that simplifies the process and enables decisions to be made quickly, at a lower overall implementation cost.
  • Helped a scheme with a very challenging covenant and an illiquid asset achieve full buy-out in a very short timeframe in Q4 2022.
  • Worked on a new appointment where a valuation was due in three weeks. With his co-director, he managed the transition to PCST and completed valuation negotiations with the Company within the deadline. This scheme is now working towards a risk settlement transaction (a buy-out or similar).
  • Helped a scheme set up a detailed data-focused journey plan to improve governance, record-keeping and prepare for risk management projects in the longer term.
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