Provision of actuarial services to employers who participate in non-associated multi-employer schemes. This includes support on actuarial valuations, employer debt and de-risking options.

Rather than running their own scheme a number of employers participate in non-associated multi-employer arrangements. These arrangements are often on a centralised basis with no segregation of assets or liabilities. An example of such an arrangement is TPT Retirement Solutions (formerly The Pensions Trust).

Participating in a non-associated multi-employer arrangement with non-associated employers can lead to an interesting set of issues. For example, managing any orphan liabilities that have been built up and dealing with the lack of control over issues like funding, investment and contributions. It is important that the pension costs are properly understood and managed by all employers including charities to prevent them becoming a major risk to future activities.

The services we can provide to employers in these arrangements include:

  • Education on the risks and liabilities facing the employer
  • Considering management and mitigation of risks
  • Liaising with the pension scheme provider
  • Drafting correspondence with members
  • Verifying debt calculations
  • Considering future benefits including auto-enrolment compliance

Each employer and arrangement requires a different level of support and assistance. The work we have carried out for these employers has ranged from several hundred pounds upwards.

As a result of our experience we are well placed to help employers who participate in non-associated multi-employer pension arrangements.  

We advise a number of clients including the British Red Cross and Quakers.

Significant experience

We have advised several dozen employers in TPT Retirement Solutions including the following sections:

  • CARE Scheme
  • Growth Plan
  • Independent Schools Pension Scheme
  • Plumbing and Mechanical Services Pension Scheme
  • Scottish Housing Associations’ Pension Scheme (SHAPS)
  • Social Housing Pension Scheme (SHPS)

We have also advised employers who participate in other non-associated multi-employer pension arrangements such as the Merchant Navy Officers Pension Fund (MNOPF) and the Milk Pension Fund.