STUART MCDONALD

Head of Demographic Assumptions & Methodology
Lloyds Banking Group

Stuart is Head of Demographic Assumptions and Methodology for Lloyds Banking Group, where his multi-disciplinary team are responsible for assumptions about policyholder health and behaviour. These are used for pricing, risk management and valuation of around £170 billion of pension and annuity policies.

​

Stuart joined Lloyds in 2014 and built the longevity team which supported Scottish Widows’ launch into the Bulk Annuity market. Previously he held a variety of commercial and technical roles including leading the longevity reinsurance pricing team at Munich Re through their market entry and first deals, and building a longevity risk model for Canada Life.

​

Stuart is a Fellow of the Institute of Actuaries and a Chartered Enterprise Risk Actuary. He plays an active role within the actuarial profession, currently serving as Chief Risk Officer on the Executive Committee of the Continuous Mortality Investigation.