- David Brooks to head Broadstone’s pension policy strategy in newly created role
- His focus will be on regulatory developments and government legislation in the Defined Benefit sector
Broadstone, a leading independent pensions, employee benefits, and investments consultancy, today announces that David Brooks is to become Head of Policy.
David, who has been Technical Director at the consultancy since 2007, will lead Broadstone’s policy strategy in the Defined Benefit sector with a focus on regulatory developments and government legislation.
David has been working in the sector for nearly two and half decades with his career spanning pensions administration, consultancy and technical analysis.
The sector is entering a new economic cycle given the current inflationary environment and consequent impact on scheme funding levels. Numerous developments in the industry are also occurring such as the Pensions Dashboard, the emergence of Superfunds and the ongoing GMP Equalisation issue.
David will work to ensure the best interests of members are protected while supporting schemes and trustees in implementing policy change.
Commenting on his appointment, David Brooks, Head of Policy at Broadstone, said: “The pensions sector has witnessed huge change and reform over the past decade with auto-enrolment, pension freedoms and the emergence of a dynamic de-risking market.
“The future will see the increase in digitisation of pensions via the dashboard programme, the adoption of ESG principles, professionalism of Trusteeship and of course the ever-changing challenges of governments’ taxation and governance policies.
“We want to be at the forefront of pensions policy development and I am excited to try and make the industry a better place for savers, trustees and employers.”
Nigel Jones, Head of Pensions Advisory at Broadstone, said: “Pensions policy is becoming an increasingly important area both for our clients and the policyholders they serve. David has great experience in the sector and this will be invaluable in shaping Broadstone’s policy strategy.
“Bringing the comprehensive benefits of Broadstone’s consultancy-led approach will allow David to approach policy developments from a wide lens encompassing employers and their employees, pension schemes and their members as well as trustees and financial advisers. We are excited to effect positive change on behalf of the industry and ultimately the lives of millions of people in the UK.”