We have significant experience in providing both on-site and remote support to clients covering outsourced bespoke projects, project management and secondments.

We pride ourselves on the fact that we offer a flexible, tailored approach and our consulting staff adapt the services provided to their clients' needs.

We have a vast amount of experience providing both on-site and remote part-time or full-time secondments. We can accomodate both short and long secondments at short notice.

We have experience of supporting numerous types of secondments. ​We have resourced a wide range of temporary roles, such as:

  • Risk Manager
  • Head of Compliance and Risk
  • Pensions Manager

Examples of the work we have undertaken on secondment include:

  • data cleansing
  • system specification
  • benefit audits
  • provision of day-to-day administration support

We are well-resourced with over 1,000 employees. In addition we have specialist teams whose wealth of experience and knowledge are available to support our employees whilst on secondment. These include teams focusing on areas such as:

  • buyout transactions
  • data analysis
  • GMP projects and all other aspects of defined benefit pensions
  • risk management

We are used to bringing together multi-disciplinary teams to deliver client secondments. We are able to provide different types and levels of support and can flex our services to accommodate your requirements.

We can add value in the following ways:

Minimal risk – our significant experience minimises the risk of problems occurring. Our size and structure mean we can bring in additional resource to keep projects on track if required. 

New insight – we have a wide range of expertise and specialist teams. A fresh pair of eyes can often identify areas of improvement and encourages the sharing of knowledge.

Tailored, flexible approach – we offer a flexible, tailored approach and work with our clients to provide individuals with the right experience and knowledge who will seamlessly integrate with their culture and working environment.

We have extensive experience in managing projects with numerous parties involved. Our aim is to take the burden away from you. Our Project Managers come from a technical background and therefore have the knowledge to understand all of the elements of a project. As well as undertaking the management of a project, this knowledge is used to provide additional value to our clients.

We use PRINCE2 (Projects in Controlled Environments) methodology to run projects efficiently and successfully. This helps us tailor the management of a project to reflect the way in which our clients like to work and the nature of the project.  

Our approach:

  • provides a decision-making framework that is logical and robust to govern any type of project
  • clearly identifies the project stakeholders
  • meets the needs of all stakeholders within a reasonable timeframe, whilst making the best use of resources available
  • keeps decision-makers well informed. Our reports on the project include updates on issues and risks escalated by the project manager. We make key documents available throughout the project
  • ensures required approvals and direction for the project are obtained where appropriate throughout the project.

Our wealth of experience brings multi-disciplinary teams together to deliver or support client projects.

Below are some examples of the many areas in which we have supported clients: 

  • Dealing with data - this includes performing data gap analyses in preparation for insurance transactions and GMP equalisation as well as "business as usual", benefit audits where benefits are calculated from first principles to provide our clients with an additional level of comfort, and data cleansing in order to address any actions identified.
  • We believe that defined benefit scheme sponsors and trustees should put in place a process to support members who want to investigate whether transferring their benefit is in their best interests. We can help companies and trustees facilitate transfers. For more information please see here.
  • Calculating annual allowances can be complex and time-consuming. We provide these figures annually to some of our clients. 
  • Changing system? We have helped clients to prepare the initial system specification, run a tender process, implement the new system and carry out testing.  
  • Scoping the role of the actuarial support required to deliver the administration services to the scheme. 
  • Audit of processes and procedures to ensure they are up to date and working well. We liaise with members of our clients' teams to get a good understanding of practices and, using our experience and expertise, make recommendations where efficiencies can be gained. We also help to implement any agreed changes. 
  • We draft and arrange delivery of benefit statements. We do not need to be the pension administrator in order to take on and run such projects. We are able to calculate the statement figures, draft the template, print the statements and arrange delivery. 

 

Our recent projects have included: 

  • data analysis in preparation for a transaction with an insurer, helping to reduce the cost of buyout 
  • providing resources to support an in-house administrator in order to assist with a peak in calculation activity
  • streamlining a new trustee client’s scheme governance documentation in order to make it easier to use and to help achieve their stated objectives
  • providing an experienced interim pension manager at short notice when an in-house pension manager became unexpectedly absent during a busy period
"The comprehensive, supportive and proactive approach that Barnett Waddingham applied to the management of this extensive project has been commendable. From the careful preparation of the communications for our members, the implementation of a new pension solution, managing administrative complexities with ease and ensuring the numerous parties involved kept on track, Barnett Waddingham has provided an outstanding solution."
Robert Gravill Director, The Trustee Corporation Limited

Need more help? 

By the nature of these services the projects we undertake are specific to each client. They can involve one service or span across numerous different services. We would be delighted to discuss any upcoming projects or challenges you might be facing. Please contact Claire Barnes or Debbie Matravers for more information.