New chief actuary at JLT as Nolan joins Spence

Phil Wadsworth, JLTJLT Employee Benefits is appointing Phil Wadsworth as chief actuary, charged with driving professional actuarial standards and leading engagement with The Pensions Regulator and trade bodies.

Wadsworth hheld the role from 2003 to 2013. He takes over from Hugh Nolan, who is leaving the business to join Spence & Partners.

JLT Employee Benefits chief executive Bala Viswanathan says: “We are delighted to have Phil reassuming this role at a time when we are reshaping our business into a client centric, consulting led business. Phil has been with JLT for 17 years and has over 30 years of industry and actuarial experience. He is an ideal choice, bringing continuity and a wealth of expertise to the Board and his colleagues. We would like to thank Hugh Nolan for his outstanding work during the last 6 years he has been with JLT and wish him good luck with his future career.”

Wadsworth says: “I’m truly delighted to have been asked to take on these responsibilities at this exciting time. The employee benefits industry is facing many challenges as the Government seeks to incentivise savings at a time of low interest rates, volatile markets, increasing longevity of savers, whilst also needing to drive the economy forward. Ensuring clients and individuals receive the best advice remains the highest priority as further changes to the savings structure are inevitable.”