Derrick started work in pensions in 1983 but took a different path to most of the financial services industry. While he was working for pension companies he studied for a Financial Services degree in his spare time; while many in his industry were struggling to embrace professionalism, Derrick became an Associate and then a Fellow of the Chartered Insurance Institute.
Directly before starting the corporate arm of Aspect Consultants , Derrick worked for more than ten years at KPMG Pensions dealing with defined benefit (final salary) schemes where he led a team of pension professionals - including actuaries, administrators and consultants. During this time he helped companies and trustees deal with a broad range of issues including pensions strategy, funding, investment and the impact of changing legislation.
Today, he is one of the most experienced and qualified financial professionals working in his field and, since setting up Aspect, he has been contracted to consult on the employee benefits problems of small and large companies including Severn Trent Water and Tarmac.
Derrick lives in Knowle in Solihull. In his spare time, he enjoys tennis and cycling and doing his children's homework.
When the Trustees of a defined benefit pension scheme were faced with new funding regulations, they were concerned they would find themselves in conflict with the best interests of the company.
Derrick was able to help the Trustees understand the range of options available and agreement on a funding rate was reached with the Company that took into account the best interests of both parties.
"Without good advice, its easy to see how conflict between sponsoring employers and Pension Scheme Trustees can arise - and how consultancy fees can escalate! Derrick's common sense approach to the issues enabled us to reach a sensible agreement with the company while fulfilling our responsibilities to scheme members," said the chairman of the Trustees.
Empire House, 1b Dormer Place
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Warwickshire
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Email: office@aspectconsultants.co.uk
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