UK – Charles Cowling, long-term worldwide partner at Mercer Human Resources Consulting, has quit to join pensions advisory outfit Pension Capital Strategies (PCS) as managing director.

PCS is a new company set up at the start of the year as a member of the Jardine Lloyd Thompson Group.

Cowling is regarded as a leading voice in the actuarial profession, calling for change in the way companies approach and manage their pension schemes.

He is due to join at the end of July, and will work alongside PCS managing director Peter Redhead in building PCS which, it is hoped, will make a major contribution to helping companies address one of their principal problem areas, namely final salary pension scheme liabilities.

Cowling was at Mercer for some 20 years, and has advised many leading UK companies including five FTSE100 companies, a PCS spokesperson told IPE.

He has also served on the Council of the Institute of Actuaries and its Pensions Board and Professional Affairs Board.

According to PCS chair and Jardine Lloyd Thompson group commercial director William Nabarro: "We are excited to be welcoming Charles at this time. Charles has an enormous reputation in the pensions industry.

“He will bring considerable experience and expertise to the team at PCS and to JLT's Employee Benefits businesses as a whole.”