Comment & Insight
Blogs
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LGPS Funds: Valuation anyone?These days we seem to have an LGPS valuation every five minutes. These are now set to become every four years. So where to start?
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Financial wellbeing. Don’t lose sight of the importance of todayHow should an employer approach the provision of financial wellbeing benefits and support to employees?
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The ageing workforce and group risk – how does this affect product design and premiums?Within living memory the accepted wisdom that we are born, go to school, work, retire and die has been turned on its head. This is true with regard to working past state retirement age, whether through personal choice or financial necessity.
Research
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Bridging the gap: Meaningful and productive employmentBarnett Waddingham’s recent combined research, of UK employers and employees, revealed a significant and increasing gap between the employment experience of being employed and what the employers believe this experience to be.
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Navigating change: get the most out of your actuarial consultantThe UK pension scheme market is changing. While schemes continue to mature, their priorities and needs evolve. Schemes must reconsider their strategy, including asking if they have the right strategic partner to meet their needs.
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Perspectives on value: get the most out of your insurance consultantPressure is mounting on the life insurance market to become more efficient and offer value to shareholders and customers. As a result, life insurance companies are turning to third-party actuarial consultants. How can this process be improved?
Barnett Waddingham news
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Paul Houghton welcomes news from the Pensions Regulator
The Pensions Regulator has issued its latest annual funding statement - aimed at Defined Benefit (DB) schemes with valuation dates between September 2018 and September 2019. Paul Houghton, Head of Actuarial Consulting, welcomes the regulators message.
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Experienced Actuary joins our Actuarial Consulting team
Rosie Marsh has been appointed to our Actuarial Consulting team to advise trustees on their Defined Benefits and Defined Contributions arrangements.
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Pause to cost cap gives more time for proposed changes across public service schemes
The Government have this week issued a written statement announcing their decision to pause the cost cap process across all public service schemes.
Briefings
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Lifetime Allowances and Life Cover through Excepted Group Life Policy
From 2019/20 the LTA will be £1,055,000 and there's been a continued increase in the use of EGLPs for employees who already have a high level of benefit in a registered scheme. This briefing talks about an important change to eligible beneficiaries.
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Accounting for pension costs - survey of universities’ disclosures as at 31 July 2018
We are pleased to present the results of our eighth survey of the assumptions adopted by UK universities for determining the value of their pension liabilities for accounting purposes.
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AA and LTA changes - key points you need to know
This briefing highlights the key changes to the annual allowance (AA) and lifetime allowance (LTA) that came into force from 6 April 2016.
Case studies
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Organising a pension scheme buyout – efficiently and cost-effectively
When the Alliance Trust Companies’ Pension Fund needed winding up, we used our specialist teams and strong project management to bring together every aspect of a highly complex process.
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Providing expertise in global accounting consolidation
Our client, Tate & Lyle, is a global provider of solutions and ingredients for food, beverage and industrial markets, with over 11,500 members of pension and other post-retirement plans in the UK and the USA.
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Securing pension scheme members in BHS buyout
We played a critical role in helping secure the pensions of 9,000 BHS staff. Our work for this client has been very much a team approach, with a number of service areas coming together to provide advice and support to achieve a superb result.
Video centre
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Navigating Change | Where to find what you seekAlthough schemes feel the need for a fresh approach, they don't necessarily know where or how to find it. There are a number of challenges when it comes to managing their actuarial consultant relationship.
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Navigating change | A fresh startMany schemes are considering a new actuarial consultant, as changes to the UK pension scheme market affect the way schemes are managed.
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Perspectives on value | A changing worldScott Eason, Partner and Head of Insurance Consulting, talks about the mounting pressure and changes on the UK life insurance market.