60 Second Interview with Ian Hammond

04/01/2016

Professional and Financial Services

Ian Hammond, Managing Director of Rowanmoor Group plc.

60 Second Interview with Ian Hammond

Ian Hammond has worked in the pensions industry for over 50 years.


What is Rowanmoor Group?

Rowanmoor Group plc is the UK’s largest, independent small self-administered scheme (SSAS) provider and a bespoke self-invested personal pension (SIPP) and Family Pension Trust (Family SIPP) operator.

What do you like most about your job?

Working with experienced pensions colleagues and using our knowledge to help clients solve their pension problems. The Rowanmoor Group is well-known for its expertise and high service standards. This is a source of great pride for me - providing an exceptional service at a realistic price has always been first on my list of professional priorities.

Which event in your career has taught you the most?

In a previous role I learned the hard way about how office politics could be used by ruthlessly aggressive individuals to try and further their own careers at the expense of others. Since having full managerial control of businesses I have always ensured that office politics does not figure anywhere within the organisation.

Ian Hammond

Which previous job would you say is most responsible for where you are now?

Working for UK Provident. After twelve years there I realised it was time to make a change. I was ten years younger than everyone else on the executive committee but they all had ten years to go until retirement - my career was stalling.  At the time, I was providing pensioneer trusteeship to a few private clients and this allowed me to move to James Hay. Twenty years later I led a management buyout of James Hay Pension Trustees’ SSAS and associated consultancy business, which became Rowanmoor Group plc.

If you weren’t the Managing Director of Rowanmoor Group plc, what would you be doing?

It’s hard to imagine, but I would not be watching daytime TV.

What would be your specialist subject on Mastermind?

The glory years of Liverpool FC.

What career advice can you offer?

Treat all your colleagues – senior and junior - with respect and they will respect you in return.

What one thing can you not live without?

The belief that I can still make a difference.

What job did you want to do when you were growing up?

I started on my career path towards being an actuary when I was 17 and I hadn’t known what I wanted to do up until then. My father came back from a business trip with an offer of work experience for me from Duncan C Fraser, consulting actuaries, so off I went, passed my A levels the next year and joined the profession.

Do you have any hobbies?

Cruising, gardening, grandchildren, watching football and cricket on TV.

Which famous person would you like to have dinner with?

Sir Ian Botham (provided he doesn’t smoke).

What's the skill you'd most like to have?

I have never mastered a musical instrument, and now it’s too late to learn.

And finally… what keeps you awake at night?

Not a lot, but occasionally cramp.


Ian Hammond was born in Birkenhead and educated at Birkenhead School. He joined Duncan C. Fraser & Co. Consulting Actuaries in Liverpool, and qualified as a Fellow of the Institute and Faculty of Actuaries in 1973. He joined UK Provident as Pensions Actuary in 1974, looking after all the insured pension products of the company, leaving in 1986 as Deputy General Manager (Pensions) to take up the role of Managing Director and Actuary at James Hay Pension Trustees Limited. At this time, James Hay employed just eight people and he led the business from then, concentrating on the small self-administered scheme (SSAS) Division from the year 2000, until undertaking the management buyout of the SSAS and associated consultancy business of James Hay in 2006.

In early 1991 Ian was involved in the production of the first ever self-invested personal pension, launched by Personal Pension Management Limited, and was Managing Director of that company for a time.

Ian became a Pensioneer Trustee in 1979 and has been involved with member-directed pension schemes ever since. He is a former Chairman of the Association of Pensioneer Trustees and Deputy Regional Organiser for the South West of England for The Pensions Advisory Service (TPAS).