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Richard Cousins

Trustee Director

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  • Overview
  • Expertise
  • Experience

Richard has 35 years’ pensions experience with the past 20 years’ as a partner at PwC giving actuarial advice to corporates on transactions, scheme funding, negotiations, buy-ins, de-risking, and alternative funding vehicles.

Richard adopts a consensual approach between trustees and employers in all matters, particularly in terms of long-term objectives, valuations and end game journey planning.

Richard has vast experience as a consultant and professional trustee working with principal employers to agree and complete valuations. There are rarely any issues with valuations that Richard has not experienced allowing him to complete these projects efficiently and cost effectively.

Richard is head of IGG Actuarial Group which supports other Trustee Directors on projects such as GMP equalisation, alternative funding approaches, buy-ins, cash flow matching and actuarial tenders.

Richard enjoys a strong and productive relationship with The Pensions Regulator and has worked with the Regulator since its establishment in 2005.

Richard is a fully accredited professional pensions trustee with the Association of Professional Pension Trustees, a member of the Pensions Management Institute and a Fellow of the Institute and Faculty of Actuaries.

“I have worked with Richard since he joined the board of the Pension Fund in 2014. He is someone that I trust and is always happy to pick up the phone and provide guidance and advice. He has a unique ability to distil complexity into something more user friendly and practical for non-experts. Richard is a dedicated professional and brings a refreshing approach to pensions.”
Pensions Director, Pension Fund

Articles

Appointments update 21 January 2021 – Pensions Age Magazine

  • Adviser reviews
  • Closure to future accrual projects
  • Covenant reviews
  • Experience of considering some of the new alternatives to buy out (e.g. consolidators, capital backed journey plans etc)
  • Journey planning (buy-ins/buy-outs)
  • Mentoring lay trustees
  • Oversees parent company
  • Scheme governance
  • Supporting clients with GMP projects
  • Transfer to Master Trust
  • Completed complicated buy outs including rectifying the benefits and dealing with significant issues caused by previous advisers
  • Previously the Scheme Funding partner at PWC as well as implementing capital backed journey plans as a Trustee. Worked with Trustees for a year analysing and rejecting a new alternative provider
  • Advised on lots of buy-ins in his former career as an actuary
  • lead role in the process for assessing both actuaries and covenant advisers in particular
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Related News & Views

News: 21 Jan 2021

Ross Trustees strengthens team with appointment of Trustee Director Richard Cousins

Richard joins the firm from PwC where he was a Partner and led the firm’s pension funding solutions group.

READ MORE

Insights: 18 Mar 2021

Making sense of the numbers

Richard Cousins comments on transfer values in the latest edition of Pensions Age.

READ MORE

View More

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ADDRESS

4th Floor Cannon Place
78 Cannon Street
London
EC4N 6HL

CONTACT

T: +44 (0)20 4599 7299
E: info@weareigg.com

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Independent Governance Group ("IGG") is the trading name of Ross Trustees Services Limited (07904277), Independent Trustee Services Limited (02567540), Independent Trustee Limited (02473669), Clarity Trustees Limited (12470917), Leadenhall Independent Trustees Limited (02303944) all registered in England and Wales. Registered office address: 4th Floor Cannon Place, 78 Cannon Street, London EC4N 6HL. IC Select Limited (SC331180). Registered office address: DWF LLP, 103 Waterloo Street, Glasgow G2 7BW.

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We are audited annually as set out in the Relevant Trustee Supplement to ICAEW AAF 02/07 to support our inclusion in the TPR’s Independent Trustee Register.

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