Exclusive: Buck UK posts 8% revenue growth in 2020; headcount grows to 734
Piltz: 2020 was a transformative year
Buck has released its 2020 financial results showing year-on-year organic revenue growth of 8% to £57m in the UK.
The consultant - which was bought by H.I.G. Capital in 2018 - said that, combining both organic and acquisitional growth, it also grew headcount by 8.5% over the course of the last year to 734 employers.
Buck said each of its UK business lines made a positive contribution to the firm s 2020 growth, with demand for Buck s services across actuarial and investment consulting, pensions administration, and employee benefits increasing significantly.
Mark Stocker dies following cancer battle
Mark Stocker (left): Never was a man more proud of his profession
Stocker passed away earlier this month following a short battle with cancer.
Before leaving Buck in 2017 to set up his own firm, Stocker had worked for the consultant for around 10 years, leading some of its largest client appointments and holding leadership positions, including serving as its chief actuary.
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Stocker also held multiple roles within the actuarial profession, both in the UK and globally - including serving on the council of the Institute & Faculty of Actuaries (IFoA) for two terms.
Buck UK managing director David Piltz paid tribute to Mark. He said: Mark was always larger than life, very professional, a ‘wise counsel (his own words - very appropriate) and a good friend.