As the NHS announces a restriction on certain life prolonging cancer drugs, does this provide further support to the argument that employers need to redesign their medical insurance schemes.
A review of consumer price indices suggests ending the use of the RPI as soon as possible. The report considers the available indices, what is the ultimate aim of measuring inflation, and focuses on what price indices will best meet the nation’s needs.
As part of the Solvency II framework, firms are required to understand and explain the differences between their own risk profile and the underlying assumptions of their SCR, to demonstrate appropriateness. We consider this requirement and process.
Participating employers in LGPS are required to account for the cost of providing retirement benefits and reserve for any oustanding pension liabilities. They are also required to make certain disclosures about these schemes in notes to their accounts.
It isn’t news to firms that they have to understand and explain the differences between their own risk profile and underlying assumptions of their Solvency Capital Requirement, but it is one aspect of Solvency II prep that may have sat on the backburner.
Our latest Current Issues in Pensions Financial Reporting newsletter details the key financial assumptions required for determining pension liabilities under the FRS17 (UK non-listed), IAS19 (EU listed) and FAS158 (US listed).
In 2013 the Trustees of a Charity asked us to use modelling to illustrate possible future investment returns and volatility resulting from the Charity’s current asset allocation, and then to suggest possible alternative asset allocations.
During early 2012, one of our schemes was constrained by the funding basis and the availability of contributions from the employer to the extent that it could not afford to reduce the level of risk and purchase additional protection.
We carried out an innovative buy-out for part of the Lloyd’s Superannuation Fund (LSF), a £500m multi-employer defined benefit scheme associated with the Lloyd’s of London insurance market.
Barnett Waddingham has published its first report on Mutuals’ Board composition and operation as at 31 December 2013.
For many years we have read about the ever increasing pain that defined benefit (DB) pension schemes have piled onto employers, be it additional funding requirements or unwelcome volatility on the balance sheet.
Our thirteenth annual survey of the assumptions adopted by FTSE100 companies for determining the value of their pension liabilities for accounting ...
Barnett Waddingham has been appointed to provide independent investment consultancy services to the trustees of the £2bn Stanplan A DC master trust and the £800m Standard Life DC Master Trust.
A raffle held at the Barnett Waddingham staff Christmas party has helped to raise additional financial support for Crisis at Christmas – the charity that aims to end homelessness and help change people’s lives for the better.
In the last set of exam results we are delighted to have two new qualified actuaries and an excellent set of results for our hardworking actuarial students.