PwC reorganises DB service

PricewaterhouseCoopers is grouping its existing defined benefits pension financial and risk management advice offering to sponsoring employers and pension trustees in a new business unit called Pensions Capital Management.

The service will be led by pensions partner Chris Massey. Marc Hommel, partner and UK pensions leader at PricewaterhouseCoopers says: “To respond to our clients’ needs for robust, durable solutions to help them optimise the use of their capital in the way they finance defined benefit pension arrangements, we’re formalising our existing Pensions Capital Management services under the leadership of Chris Massey. This will enable our clients to access the full range of relevant expertise from one dedicated team.”