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Barnett Waddingham
0333 11 11 222

Paul Hamilton FIA

Partner and Head of Higher Education

Paul is Scheme Actuary to a number of pension schemes, and advises a range of UK businesses and trustee bodies on DB pension issues including scheme funding, benefit design, and risk management.

Paul has particular expertise in the education sector and has overall responsibility for Barnett Waddingham’s services to the Higher Education sector. He also has specific experience advising multi-employer schemes; and helping clients successfully negotiate the pensions terms in public sector outsourcing contracts.

His commercial focus and communication skills ensure his clients understand the relevant dynamics of their pensions responsibilities – whether advising a small employer who has had little previous pensions advice, or an experienced trustee board on an unusual issue.

Paul is a member of the firm’s Management Board, and is responsible for our online funding modelling tool, Illuminate


Significant experience:

  • brought in to advise on a £1 billion public sector outsourcing contract – to give a commercial focus to the bid team, and ensure the pensions deal agreed with the bidders was in all parties’ interests
  • Scheme Actuary to a range of schemes – from single employer schemes with a few million pounds of assets to a large multi-employer (70+) scheme; including schemes that are open, closed, and in the PPF
  • advised a number of schools and housing associations about their participation in The Pensions Trust
  • provided advice to employer representative bodies about the actuarial assumptions proposed by the Government Actuaries’ Department, for use in the actuarial valuations of the Teachers’ Pension Scheme and the Firefighters’ Pension Scheme

Comment & Insight

  • Blog post Decoding pension scheme benefit design

    Most private sector pensions accrual in the UK is now on a DC basis. When legislators think about DB, it is only to worry about protecting past service benefits; never to wonder about whether the framework for future benefits is fit for purpose.

  • Briefing HEads Up - exploring key issues the HE sector is facing

    With ongoing discussions in relation to the USS very much in mind, we're thinking about the challenges faced by those who want to provide DB benefits for the future, and the ways in which multi-employer schemes can affect different employers differently.

  • Blog post Don’t give up on USS?

    On Friday 17 November, Universities UK (UUK) said that they want all staff in the Universities Superannuation Scheme (USS) to earn only defined contribution (DC) benefits going forward. Paul Hamilton shares his expertise on the matter.

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