Tim Sansom Email & Phone Number

Aylesbury, Gb

I provide professional independent trustee services for a range of defined benefit, defined contribution and hybrid schemes. I represent Pi as Chair on trustee boards, and also have a number of sole trustee clients where I act either as lead or support trustee.At Pi I deal with a wide range of issues including:- investment reviews, both DB and DC- valuation negotiations for DB schemes including setting long term objectives- benefit rectification and GMP equalisation exercises- complex Fraud Compensation Fund cases - working with overseas employers - member communication strategies- DC scheme wind ups- Value for Members assessments- Scheme mergers to release surplus- Buy-ins, Buy-outs and DB scheme wind upsIn addition I am also responsible for the day to day but equally important role of ensuring that all my schemes are well governed through regular meetings up, robust and up to date governance policies and timely decision making.I also support our Trustee Executive Services Team and have been involved in assisting Scheme Secretary appointments on a £400m buy-in project and also on a GMP Equalisation project.

Aylesbury, England, United Kingdom

I set up and led the initial phases of the GMP Equalisation project for the employer's DB scheme and enabled the Trustee to make key decisions on matters such as opposite sex GMP calculation method, provision of equalised CETVs and data gathering and cleansing.

Aylesbury, England, United Kingdom

I designed, implemented and oversaw processes and procedures that enabled c350 group schemes to bulk surrender over £300m of funds in a six month period. This represented roughly 30% of the group scheme book of business by value.I also successfully led a team of 15 staff through the impact of Covid-19, the implementation of home-working and unprecedented increases in work volumes. I dealt with technical case referrals and ensured staff were supported through daily briefings and target setting, monthly 1-1s, and regular and consistent feedback on performance.

Aylesbury

I was responsible for delivering key aspects of Equitable Life's Scheme of Arrangement and Part VII transfer to Utmost Life and Pensions in 2019. My most significant achievements were:• I helped design a Creditor Database that identified the Society’s creditors and their voting entitlement. I was a voting “expert” and was responsible for dealing effectively and efficiently with internal and external voting queries.• I developed and implemented initiatives that decreased Equitable Life’s bad address population from over 13% to under 8% over a 15 month period to May 2019. This meant there were no objections from High Court relating to the Society’s bad address population.• I built and maintained productive relationships with key EBC and group scheme trustees. I made sure they were fully informed of the technical details of the Scheme and dealt with any queries they raised. I helped ensure a high group scheme voting turnout with over 90% of top 100 schemes by value voting.• I demonstrated and certified to Board that due to robust controls and systems the quality of the Society’s mainframe data was fit to deliver the Scheme and Part VII transfer.

I successfully managed the Society’s DB service proposition. I delivered key lean initiatives resulting in budget savings of c5% p.a. from 2011 to 2014. I also led the integration of the separate Actuarial, Documentation and Administration teams into one function. After a strategic review of the DB service proposition concluded that it was not viable long term I dealt with challenge of decommissioning the business over an 18 month period. I ensured all schemes successfully transferred to new providers on target. I also supported team members through a period of significant upheaval. As a team we continued to provide an excellent service to trustees and employers whilst undertaking the additional challenge of undertaking GMP reconciliation for affected schemes.

I managed two separate technical teams totalling c18 staff responsible for all actuarial and technical aspects of DB and individual pensions and life business. I was able to realise cross team synergies through the transfer of work, upskilling and the sharing of knowledge and skills.

I worked with the scheme actuaries to deliver a comprehensive actuarial and technical service to DB schemes. I acted as the main point of contact between the trustees and the scheme actuaries and was responsible for the validation and sign out of all work that did not require scheme actuary sign off including FRS17 and IAS19 valuations.Whilst in this role I worked with the scheme actuaries to ensure we dealt successfully with significant changes in the DB pensions landscape that included: • Transition from MFR to scheme specific funding regime • Change in responsibility for a scheme’s transfer value basis from scheme actuary to trustees • Requirement for all schemes to obtain a PPF levy valuation by 31 March 2008 • Introduction of FRS17 valuations for sponsoring employer's accounts

I was recruited into the Society's graduate trainee program and worked in a number of teams before moving onto management roles in Customer Services and Pensions Review.