His main area of expertise is in relation to the Local Government Pension Scheme (LGPS). This includes setting contribution rates for employers wishing to join the Scheme, producing annual accounting disclosures and carrying out triennial funding valuations in accordance with legislation.
His main clients are Local Authority Pension Funds that participate in the LGPS.
The assumptions that need to be made as part of the LGPS valuation process are varied and many. For example, what investment returns will the Fund achieve in future? What are members going to be earning? How long will they live?
Longevity is a topic of significant importance to defined benefit pension schemes and their actuaries. What can we learn from the latest research, what does it all mean for LGPS Funds - and why on earth does it have anything to do with shopping for shoes?