Hey, im applying for client consulting and am stuck on the applicaiton form. what does a non-actuarial role involve?? can anyone help me please?
It’s basically offering consulting to insurance companies and pension providers about their products, but the non-actuarial aspects of it.
There’s a better description here:
Pasted from website:
The DC team provides specialist advice to clients on the design, implementation, communication and ongoing monitoring of defined contribution (DC) pension schemes.
DC is a rapidly growing area. With almost three quarters of major UK companies now offering DC schemes to new employees, the requirement for expertise in this area is stronger than ever.
We work with a wide range of clients, many of which are members of the FTSE 100. We provide practical advice to both trustees and employers. This ranges from designing and implementing a new DC scheme to reviewing the performance of an existing DC scheme that has been up and running for many years. Much of our work is project based, which means that teamwork and communication are often the most important aspects of what we do.
The DC team is part of the Benefits Practice, which means we work very closely with our actuarial colleagues, as well as with our specialist investment, communications and flexible benefits teams. Our links to other practices within Watson Wyatt are also strong, reflecting the wide range of work that we carry out within the team.
The team is currently made up of around 50 consultants, although this figure is constantly on the rise as the demand for DC consulting in the UK increases. We are also growing rapidly throughout continental Europe. The majority of our consultants are associates of the Pensions Management Institute and are authorised by the Financial Services Authority. New associates joining the DC team will also work towards professional qualifications and will be given study support by Watson Wyatt to do so.
To join the DC team as a graduate you will need a broad range of skills. It is vital that you are able to demonstrate strong technical and IT skillls, however more importantly you will need to be a good communicator and a strong team player to succeed as a DC consutlant.