David Kidd

Pension Trusteeship

What our clients say

Peter Flannigan, DHL Vice-President, Pensions UK & Ireland Director

Areas of expertise

Investment Strategy – inflation and interest rate hedging; the setting of de-risking trigger mechanisms; increasing asset diversification within the return seeking pool

Funding Negotiations – David frequently leads the triennial negotiations with the employer on behalf of the trustees

Defined Contribution – revamp of DC fund range and lifecycle models, partly on the basis of behavioural economics

Notable successes

  • Played key role following change of control of sponsor in securing covenant-enhancing measures, greater company contributions and agreement on lower risk investment strategy
  • Completed several valuation negotiations well within statutory deadline to the satisfaction of Trustees and Sponsors
  • Led the introduction and successful implementation of liability-driven investment strategy
  • Instigated comprehensive review of investment management fee rates and consequently negotiated significant reductions

Current appointments

  • Chair of Trustees of two schemes (£30m and £350m of assets)
  • Chair of Investment Committee of two schemes (£450m and £5bn of assets)
  • Board Member and Chair of Valuation Committee of two schemes (£1.5bn and £2.5bn of assets)
  • Member of Specialist Investment Committee for three schemes (ranging from £1.7bn to £12bn of assets)

David's other positions

  • Non-executive Director, Baillie Gifford Japan Trust plc
  • Non-executive Director, Mid Wynd International Investment Trust plc
  • Director, Golden Charter Trust

Professional roles and qualifications

David is member of the Association of Professional Pension Trustees and an associate of the UK Society of Investment Professionals.

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