Barry McKay FFA
Barry provides pensions advice and risk management solutions to LGPS (Local Government Pension Schemes) clients, supporting them in meeting their objectives.
He will be responsible for, and fund actuary to, a number of LGPS funds. His remit includes developing the strategy of the public sector consulting practice, identifying needs of the LGPS market and developing solutions to LGPS technical issues to ensure clients get optimal outcomes.
Significant experience:
- fund Actuary to largest LGPS client in the UK (Greater Manchester > £20bn fund)
- fund Actuary to eight LGPS funds for ten years
- client director ensuring an excellent service was delivered to clients
- speaker at major LGPS conferences
- technical lead
- key role developing and taking to market unitisation system for LGPS clients
- representative on external sub-committees related to the LGPS
- representative for press comments
Comment & Insight
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Briefing Cost management in the LGPS and the 2019 valuation outlook
A look at the cost management process for the LGPS and how this might affect administering authorities, employers and members.
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Blog post What does 2019 have in store for the LGPS?
2018 was another eventful year for pensions. In the LGPS we saw three new sets of regulations passed introducing exit credits, equalisation of survivor benefits and new powers for MHCLG to issue statutory guidance.
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Blog post Tier 3 employers in the LGPS: 102 pages in two minutes!
Aon released their report commissioned by the Scheme Advisory Board, identifying potential issues surrounding the participation of Tier 3 employers in the LGPS. We’ve set out some of the key issues and findings.
Career
Barry was Head of LGPS Actuarial Practice and Partner at Hymans Robertson for 22 years before joining Barnett Waddingham as an associate in 2018.
Memberships
Member of Institute and Faculty of Actuaries
Interests
Outside of work Barry enjoys playing golf, running, travelling and he coaches at an athletic club.