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
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.
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.
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.