The Government have this week issued a written statement announcing their decision to pause the cost cap process across all public service schemes. This delay is a consequence of the McCloud judgement, which could result in all public service schemes having to unravel the transitional protections built into the new schemes, post Hutton’s review. There is currently an application to appeal the McCloud case but we do not yet know what the timescales are for the outcome to be known.
We are welcoming industry specialist Ian Mills to the BW team, enhancing our investment consulting offering and helping to develop services to DB pension schemes.
Rosie Fantom joins Barnett Waddingham to help drive our bulk annuity services forward, with significant experience in pension scheme de-risking, insurance and regulatory services.
Barnett Waddingham, the UK’s largest independent provider of actuarial, administration and consultancy services, has appointed Elizabeth Renshaw-Ames as its new non-executive chair as of January 2019. Keith Satchell will be stepping down from the role after 11 years of service to the firm.
For another year, both our SSAS and Flexible SIPP have been awarded a five-star rating from Moneyfacts. The ratings reinforce our strong position as a provider of quality services within the self-invested pensions market.
According to our new report, ‘Perspectives on Value’, spending on consultants by insurance companies is expected to rise over the coming year. The report cites complexity and structural challenges as the primary drivers behind the forecasted increase.
Workers on lower salaries feel less comfortable talking to their employer about mental health, according to our Why BWell report. Just two in five of those earning £20,000 - £30,000 a year said they would be happy talking about mental health at work.
We are delighted to be recognised for the third consecutive year at Pension Insight’s DC Awards, being named ‘Financial Wellbeing Consultancy of the Year’.
We are delighted to announce our innovative approach enterprise risk management (ERM) was recognised last night at the Risk Management Awards hosted by CIR Magazine.
We are thrilled to announce that our very own Amit Lad has scooped first prize at this years ‘Stars of the Future’ hosted by the Actuarial Post.