Kenneth Donaldson
Actuary Director
Kenneth is an experienced actuary and consultant with a portfolio of work in a number of fields. For 26 years since qualification he has advised clients on all aspects of their pension obligations, working with both trustee boards and companies. He continues to hold a number of appointments to UK pension schemes and advises them on all their benefit and funding issues, working for two respected benefit consultancies, Capita and Quattro.
He is a Director of Callund Consulting Limited, in which capacity he provides strategic policy advice on social security and pensions matters, usually to Governments of emerging and frontier markets, but also to industry and parastatal organisations. In the 10 years leading up to April 2014, he was the Director of Actuarial Consulting for Capita. Capita is one of the UK’s largest pension scheme administration firms, responsible for looking after and paying the pensions of millions of people. His responsibilities included managing Capita’s 50 actuaries, plus the associated support staff, a team of some 120 people. The team provided both traditional actuarial services to trustees and sponsors of ongoing pension schemes and specialist advice and services, for example de-risking, mergers, due diligence, public sector outsourcing etc. He has frequently been called upon to act as independent expert in benefit reconstruction following a failure in a pension scheme’s administration function, often with inadequate or incomplete or poor quality data. This is a topic he has spoken on at a number of high profile conferences over the course of many years.
He also works on behalf of the Institute of Actuaries’ newly created Resource and Environment Board and is the Chairman of the International Association of Actuaries’ Resource and Environment Working Group. These bodies are grappling with the issue of incorporating the possible impacts of our changing environment into the daily work of actuaries, whether in relation to long-term economic projections and modelling (on the pensions side) or in relation to the impact on insurance rates due to changing conditions.
For many years he has been a member of the Association of Consulting Actuaries’ Pensions Committee which works with the Department of Work and Pensions in commenting on and helping to shape pensions legislation, based on deep practical experience. He obtained a first class honours degree in Mathematics from Durham Univer-sity in 1989 and qualified as an actuary in 1992. He has been advising clients large and small on pension scheme funding and long-term risk management continuously since then.