Our client teams work in tandem with our specialist Longevity Consulting team to provide a concise report making best use of the data available and tailored to the specific needs of your scheme.
This report is intended to inform your understanding of the assumptions being considered for the forthcoming valuation, i.e. the choice of base table, any adjustments needed to it and an allowance for future improvements in longevity. It also provides schemes with an understanding of the level of prudence contained in the mortality assumptions, to give confidence that the assumptions are reasonable for the scheme’s members.
April has been a busy month for us - producing accounting reports for hundreds of participating employers in the LGPS. We report on SEDR and the change in approach taken in accounting assumptions this year.
Changes to Regulation 64 of the LGPS Regulations 2013 will offer greater flexibility. Annemarie Allen provides some insight on what has changed and what this means for scheme employers and administering authorities.
Question marks over our ability to predict the future provided two of the highlights of recent our annual pensions conference. Senior Partner Nick Salter explores...
The slowing of mortality improvements in the UK in recent years has been widely discussed. In this Spotlight we compare recent mortality in the UK to a large number of European countries.
As part of the 31 March 2016 valuation process, 15 of the English Funds participating in the Local Government Pension Scheme (LGPS) advised by Barnett Waddingham agreed to take part in a project to comprehensively review their mortality assumptions.
The CMI Model is calibrated to data for the general population but is typically applied to pensioner or annuitant portfolios. These have different mortality rates and may experience quite different mortality improvements.
Highly competitive insurer pricing compared to gilts is providing extremely attractive opportunities for schemes to remove both financial and longevity risks.
Our 2016 Bulk Annuity Annual Report discusses the latest developments in the buy-in and buy-out market. We highlight important issues for trustees and sponsoring employees as well as summarising the views of insurers on key aspects of the market.
Following a record-breaking year in 2014 where over £13bn of bulk annuity transactions were completed, experience over the first half of 2015 suggests another potentially strong year for the market. Find out more in our latest research report.
Our experience, breadth of technical knowledge and communication skills makes us ideally placed to provide expert witness reports. A number of our experts have given evidence in court and many more have prepared expert witness reports.
A raffle held at the Barnett Waddingham staff Christmas party has helped to raise additional financial support for Crisis at Christmas – the charity that aims to end homelessness and help change people’s lives for the better.