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?
How should an employer approach the provision of financial wellbeing benefits and support to employees?
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.
Barnett 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.
The 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.
Pressure 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?
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.
Rosie Marsh has been appointed to our Actuarial Consulting team to advise trustees on their Defined Benefits and Defined Contributions arrangements.
The Government have this week issued a written statement announcing their decision to pause the cost cap process across all public service schemes.
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.
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.
This briefing highlights the key changes to the annual allowance (AA) and lifetime allowance (LTA) that came into force from 6 April 2016.
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.
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.
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.
Although 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.
Many schemes are considering a new actuarial consultant, as changes to the UK pension scheme market affect the way schemes are managed.
Scott Eason, Partner and Head of Insurance Consulting, talks about the mounting pressure and changes on the UK life insurance market.