Consultancy LCP has hired industry longevity expert and founder of the COVID-19 Actuaries Response Group, Stuart McDonald. He will join in October as head of longevity and demographic insights.
McDonald will develop the firm’s longevity expertise, helping clients estimate the lasting impacts of the pandemic on mortality, population morbidity and inequalities, within the defined benefits (DB) pensions market and the health care sector.
He will work across LCP’s actuarial and health analytics teams as the firm looks to take innovative approaches to helping its clients understand and manage the long-term health and economic implications of the pandemic, LCP said.
McDonald joins from Lloyds Banking Group where he is currently head of demographic assumptions and methodology. He also sits on the executive committee of the Continuous Mortality Investigation (CMI). In 2022 he received an MBE for services to public health for his volunteer work during the crisis.
As well as the Actuaries Response Group, which has made good use of data to shed light on the pandemic’s impacts, McDonald led Institute and Faculty of Actuaries volunteers supporting the Department for Health and Social Care with analysis of health Impacts, for a paper commissioned by the Scientific Advisory Group for Emergencies.
In his role at LCP, McDonald will help trustees and sponsors understand and navigate longevity and demographic trends, so they can better understand implications for their schemes.
He will also be working with LCP’s growing health analytics team to lend his expertise to the development of ways to track and analyse disease, and help develop solutions to tackling key public health issues.
McDonald said: “This is an exciting role for me. LCP have a unique combination of actuarial expertise alongside a growing health team who understand how our health system works, and the long-term challenges it faces.”
He said that since the pandemic brought questions around public health to the top of the political and social agenda, he will work to quantify the impact of recent events and develop ways for clients to understand and mitigate these risks.