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.
The LGPS SAB released their latest report on 22 May, providing information on the status of the LGPS for its members, employers and any other bodies. We’ve shared key things for fund actuaries in the lead up to the 2019 valuation.
Louise Lau, Actuary, provides some initial thoughts around the options put forward in the Scottish LGPS structure consultation and asks: what are some of the considerations to be had and what would be the potential consequences of such changes?
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.
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.
Ahead of the 2019 triennial fund valuations, our 2018 client seminar will provide a round up of news from the LGPS and wider pensions landscape.
Location: Barnett Waddingham, London
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.