Hymans Robertson, the pensions, actuarial and financial services consultancy, has announced the appointment of Alec Day as Head of Private Sector Actuarial Services and Susan McIlvogue as Head of Large DB Scheme Solutions.

Day will oversee the continued development of the firm’s actuarial propositions, including trustee actuarial services, corporate actuarial services, risk transfer and wind-up transition services.

He replaces McIlvogue who moves to a newly created role which recognises the unique challenges facing, and opportunities available, to large DB pensions schemes.

Day and McIlvogue started at the firm in 2014.

Day said: “The past few years have seen a period of unprecedented change for the pensions market as a whole, and in particular for DB schemes.

“I look forward to taking up this role at such an exciting time for pensions.

“It’s a privilege to work with such a talented team at Hymans Robertson, which is completely focused on continuing to deliver market-leading services for the benefit of our clients and their members.”

McIlvogue said: “I am thrilled to be taking on this new role at a time when fresh thinking has never been more paramount to large schemes and an innovative approach is key.

“Hymans Robertson works with, and advises, some of the largest pension schemes in the UK including my own appointment as Scheme Actuary to the BAE Systems Pension Scheme.

“I look forward to using my experience to help Hymans Robertson shape and provide solutions for the benefit of more large schemes, their sponsors and their members.”

Hymans Robertson Head of Pensions Richard Shackleton said: “The appointments of both Alec and Susan are an exciting addition to our pensions leadership team.

“In a rapidly changing market, this will further strengthen our mission to deliver better outcomes for DB scheme members.

“Their experience will enable us to bring our innovative thinking to all our DB clients, whatever their size, for the benefit of all stakeholders, trustees, sponsors and most importantly members.”