I am a Global Head of Benefits with extensive expertise in developing global Compensation, Benefits and Pensions strategies to attract and retain key talent.I am a commercially aware senior leader with with a proven track record in:• Leading strategic initiatives and projects in Reward to support business objectives and improve employee engagement• Driving value across the range of long and short-term employee benefits by achieving efficiencies in costs while improving service and cover levels• Pension/Benefit/Compensation harmonisation following mergers and acquisitions
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Head Of BenefitsTp Icap Sep 2021 - Aug 2023London, England, United Kingdom• Led the Global Benefits Review, designed and implemented benefits strategy• Led the review of all brokers and and implemented a global broker model.• Implemented benefits technology in UK, Hong Kong and Singapore, to harmonise benefits for multiple acquisitions and increase employee engagement.• Enhanced the benefits and wellbeing offerings including neurodiversity support, menopause support, wellbeing rooms and increased levels of benefits cover. • Restructured the benefits financing model.• Partnered with Procurement and Finance to review benefit suppliers and manage spend. -
Interim Head Of Reward, ProjectsAggreko Apr 2019 - Feb 2021London, United KingdomMultiple interim roles across this period including:• Led and successfully delivered pay review and bonus round for 6300 employees across 71 countries.• Implemented a new Career Framework structure, including Market Data Analysis and Job Positioning.• Lead and delivered the Reward and payroll work-streams for the implementation of the new Workday HR system. -
Head Of Compensation And Benefits | Global Head Of BenefitsColt Technology Services Oct 2009 - Oct 2018London, United KingdomI am responsible and accountable for the global strategy, design, process and regular review of Pensions, Benefits and Compensation along with continual improvement of the global flexible benefit platforms.In this role I have implemented major change projects across multiple countries benefit plans aligning with local legislation and core corporate values.I am the technical Pension and Benefits adviser to the board of Directors, HR Leadership Team and heads of business and regularly interact with these stakeholders to ensure a strategic and consistent approach to reward. I own the relationship with all Reward vendors including advisors, brokers, lawyers and administrators as well as advising the Pension Governance/Trustee boards.Recent achievements include:• As Global Head of Compensation and Benefits lead the annual pay review/bonus round • Global harmonisation of pension and benefits following various mergers and acquisitions• Lead the project to integrate benefits across Asia• Restructured the range of flexible benefits and the technological platforms across Europe• Designed and set up benefits for a new business markets including China• Implemented a range of employee financial benefits including savings and wellbeing programmes• Introduced a global recognition plan -
Vice President, Pension And Benefits, EmeaBny Mellon Jul 2006 - Oct 2009London, United Kingdom• Secretary to the Trustees for the UK pension plans, company representative for non-UK pension plans• Strategically reviewed the pension scheme and benefit structures, recommended and implemented design changes in keeping with market trends including implementing flexible benefit schemes.• Ensured compliance of pension schemes and risk benefits, with all existing and forthcoming changes to legislation, industry regulations and company policy• Provided in depth technical pension and benefits support to the business• Selected and managed the relationships with all benefit providers including administrators, actuary, legal advisors, investment consultants, risk benefits providers/brokers.• Managed the legacy and active pension schemes across EMEA• Presentations and training for HR Business Partners in benefit policies, procedures and legislation as well as communications, presentations and 1 to 1 meetings with scheme members• Provided pension and benefit subject matter advice on mergers & acquisitions activities• Management of pension and benefits staff• Interim Head of Total Rewards for The Bank of New York during the merger with Mellon • Harmonised the benefits across The Bank of New York and Mellon following the merger -
Interim Pensions ManagerEef Feb 2005 - Jul 2006London, United Kingdom• Secretary to Trustees, Investment Sub Committee and Employers’ Consultative Committee. Including chairman’s brief, agenda items and reports (a multi-employer scheme with 16 employers)• Implementation of policy for Finance Act 2004 and Pensions Act 2004.• Managed the review and selection of new Investment Managers.• Managed Trustee review of Actuaries, Auditors, Investment Consultants and Lawyers.• Liaison with Actuary for regular and extraordinary DB valuations.• Liaison with Lawyers and consulting Actuary regarding PPF.• Raising and resolving issues (where appropriate) resulting in scheme rule changes.• Preparation of the annual report and accounts for the scheme.• All communication with scheme members.• Managing relationships and liaison with HR and payroll for all 16 employers.• Management administration and pensioner payroll.• Finalise wind up of DC scheme.• Liaison with all advisors and appropriate bodies such as HMRC and the Pensions Regulator.• Nomination and election of Member Nominated Trustees. -
Pensions System DeveloperMercer Feb 2003 - Dec 2004London, United KingdomProvided technical systems and Pensions advice to the Admin and project teams to support the implementation of a new pensions administration system, pension/payroll/HR interfaces, and a new workflow system. -
Pensions SpecialistDeloitte Feb 1999 - Feb 2003London, United Kingdom• Supervised the internal Defined Benefit pensions team and overseeing the third party Defined Contribution pension administrators.• Managed the relationships with HR and Payroll teams.• Liaison with Actuary for DB valuations, mergers and de-mergers.• Produced the monthly key performance indicators and regulatory reports to be sent to the Trustees for both the defined benefit and defined contribution scheme.• “Hands on” with all aspects of day-to-day administration, working within a highly pressurised department and with strict goals/deadlines.• Authorising any complex/technical problems that may occur in administration.• Set up of flexible pensions using salary sacrifice arrangements.• Developed and rolled out the pension communications initiative (DB v DC), including team workshops and writing the presentations.• Presented monthly to new hires and held regular UK wide pension surgeries. -
Pensions AdministratorTotal May 1998 - Feb 1999London, United KingdomAdministered all aspects of defined benefit pension scheme and attended Trustee meetings -
Pensions AdministratorDmgt Plc Oct 1996 - May 1998London, United KingdomCompleted a full range of administrative duties of both defined benefit and defined contribution pension schemes -
Pensions AdministratorTsb Bank Aug 1995 - Oct 1996London, United KingdomCarried out a full range of clerical duties for defined benefit pension schemes -
Pensions Administration ClerkUnilever Sep 1990 - Aug 1995London, United KingdomCarried out a full range of clerical duties for defined benefit pension scheme
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Simon Dennison's current role is Global Head of Benefits.
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Simon Dennison
Director Of Commercial Sales At G.F SmithKingston Upon Hull, England Metropolitan Area1gfsmith.com -
1sainsburys.co.uk
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Simon Dennison
Manchester
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