CompaniesJun 17 2015

PwC strengthens pensions advisory team

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PwC strengthens pensions advisory team

PricewaterhouseCoopers has expanded its pensions investment advisory business by adding Nikesh Patel to the team.

He joins from an institutional pension fund role at Blackrock. In his new role, Mr Patel will advise corporate sponsors and trustees on risk and investment strategies for their defined benefit funds.

New developments to Skyval, the professional services firm’s online analytics tool, mean users now have the ability to perform more detailed analysis for their pensions investment strategy.

Raj Mody, head of UK pensions consulting at PwC, said that the pensions consulting business has recorded double-digit growth year on year and Mr Patel is a crucial addition to the growing team.

“The current low interest rate and investment returns environment means pension schemes are having to work harder than ever to drive value from their asset mix and improve funding levels, and they need an innovative, independent and forward-thinking adviser to help them do this.

“We are finding that trustees and sponsors alike are increasingly looking for a truly independent advice, particularly on matters relating to asset investment strategy.”

peter.walker@ft.com