Andrew Fay, Chairman

Andrew, together with Simon Redgrove and Neill Millard, founded The Cavanagh Group as a partnership in 1996. Previously Andrew had been a Senior Financial Adviser and Sales Manager at Royal Insurance where he had worked since 1989. At Royal Insurance Andrew was consistently one of the highest ranked producers. In addition to his responsibilities as Chairman of cprm, Andrew is Chief Executive of the Cavanagh Group, where he continues to write business, whilst also fulfilling the Compliance Officer role. As part of the Chief Executive role there, he is the main instigator for progressing Cavanaghs’ relationships with product providers at the highest level.

Jonathan M Black BSc FFA, Managing Director

Jonathan Black graduated from Aberdeen University in 1988 with a first-class degree in Physics. He trained as an actuary with Guardian Assurance, working in both administration and technical roles. After completing the actuarial examinations in 1994, Jonathan joined Scottish Equitable. Here he gained particular experience of winding up Occupational Pension Schemes, having been the Scheme Actuary to many such arrangements. From this role Jonathan moved into a sales role, supporting the Employer’s sales force, and IFA clients, on more technical issues.

Before helping set up the Edinburgh offices of Hazell Carr, he was Head of Sales for Corporate Pensions at Scottish Equitable, with responsibility for driving product development and sales strategy. Together with Walker Yule, he then built the Hazell Carr office in Edinburgh from scratch, developing this into a strong and successful team over 2 years before this team combined with The Cavanagh Group to form cprm . Jonathan now fulfils the role of Managing Director within cprm, where he continues to spend the majority of his time providing Scheme Actuary and consultancy services to clients.

Jonathan has been an examiner on pensions for the Institute and Faculty of Actuaries and, as part of work done for the ABI, assisted the House of Commons select committee on Pensions on Divorce and represented the insurance industry on PRAG. He currently sits on the DWP's working party on SME's, that looks into the implications of new regulations for smaller defined benefit schemes. Jonathan is a Scheme Actuary.

Walker Yule BSc FFA, Director

Walker Yule graduated in 1990 from Edinburgh University with a first-class degree in Physics. He completed his training as an actuary whilst working with both Guardian Assurance and, following their takeover of Guardian Assurance in 1999, Scottish Equitable in both technical and sales roles.

Before helping to set up the Edinburgh offices of Hazell Carr, he was Sales Actuary for Scottish Equitable with responsibility for business and sales development through their IFA channel, whilst maintaining a portfolio of clients as their Scheme Actuary. Together with Jonathan Black, he then built the Hazell Carr office in Edinburgh from scratch, developing this into a strong and successful team over 2 years before this team combined with The Cavanagh Group to form cprm.

Walker has extensive technical experience with seven years as a Scheme Actuary and has had particular involvement with scheme wind-ups, Mergers and Acquisitions and FRS 17 issues.

Simon Chrystal, Director

Simon commenced his career in 1989 with the Civil Service, being assigned as an Administrator working on the Teachers Pension Scheme. Having undertaken a number of roles including Pensions Manager and Consultant, he moved to The Pensions Trust as a Business Development Consultant in 1999. In 2001 he moved to Ernst & Young Financial Management Limited (EYFM), with particular responsibility for developing consultancy services to Employers sponsoring and Trustees managing Defined Benefit Pension Schemes.

EYFM were acquired by The Cavanagh Group plc in December 2003, and following this acquisition Simon was instrumental in putting together the framework for the formation of cprm from the Corporate Pensions Risk Management division of Cavanagh and Hazell Carr (EH) LLP, resulting in his appointment as a Director.

Simon provides advice and services covering all aspects of pension scheme management specialising in change management and member communication. With experience of working on large, centralised pension schemes, such as the Teachers Pension Scheme, the Motor Industry Pension Plan and The Pensions Trust he also has significant experience of bulk transfers, incorporating TUPE requirements in both the private and public sector which has been brought to bear in many Merger & Acquisition transactions. He currently sits on the DWP's working party on SME's, that looks into the implications of new regulations for smaller defined benefit schemes.

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