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Barnett Waddingham
0333 11 11 222
We also provide services to charities, non-profit companies and contractors more generally across the public sector.

Pension funds are subject to increasingly complex rules; public sector funds also have their own regulations, statutory requirements and guidance making them distinct in many ways from those in the private sector.

Our specialist team recognises the unique nature of these funds and the regulatory environment which governs them. We provide clear, pragmatic and practical advice with fast turnaround times to all parties involved with these funds.

In addition to actuarial services, we provide consultancy and support services for benefit administration assisting with fast turnaround times to all parties involved with these funds, supporting and complementing your in-house services and staff. We also provide services to local pension boards and their members, including partnering with CIPFA to provide support and training to meet and maintain their required levels of knowledge and understanding.     

We look after over 20% of LGPS Funds across the breadth of the UK.

In addition to our LGPS Funds we also provide services to Police Authorities, Fire & Rescue Services, NHS Trust Funds and various employers who participate in public sector schemes, such as the Principal Civil Service Scheme.


Significant experience:
  • statutory triennial valuation – we provide this to all our clients including advice on funding strategy
  • accounting disclosures – we regularly provide these with explanatory reports, for benefits provided under a range of public sector funds (both funded and unfunded) to participating employers
  • advice for fund employers – we regularly provide explanatory reports in respect of employers joining, leaving a fund or transferring between funds
  • pension fund governance – we regularly assist funds in providing assistance and advice, as well as support and training for local pension boards and their members
  • pension tax queries – we regularly assist funds and individuals in providing assistance with Annual Allowance and Lifetime Allowance queries
  • technical text and communications – we are often requested to assist in the provision of communication material for scheme members, pensioners, employers, administrators and elected members, this has ranged from newsletter articles, annual benefit statements, briefing notes, websites and training sessions

Related knowledge and resources

Blogs

  • Picture for What does 2019 have in store for the LGPS?
    What does 2019 have in store for the LGPS?

    2018 was another eventful year for pensions. In the LGPS we saw three new sets of regulations passed introducing exit credits, equalisation of survivor benefits and new powers for MHCLG to issue statutory guidance.

  • Picture for BWebstream Exchange: changing the way we communicate
    BWebstream Exchange: changing the way we communicate

    BWebstream is our secure, easy to use, fully-integrated online platform for pension schemes, giving exceptional control over administration. Lisa Hodge from the Public Sector Consulting team tells us how the team has been using the tool.

  • Picture for LGPS: A-Z recap of 2018
    LGPS: A-Z recap of 2018

    2018 has been as eventful as ever in the LGPS. In the countdown to Christmas, Associate Melanie Durrant reflects back on the last 12 months, starting from A to Z.

  • Picture for A turning point for FTSE350 pensions?
    A turning point for FTSE350 pensions?

    After a number of difficult years, our 8th annual report on the pension provision of the FTSE350 shows that 2017 is hoping to be the turning point for the defined benefit (DB) pension schemes of the UK’s largest public companies.

  • Picture for FTSE100: banking sector leads the way in diminishing DB deficits
    FTSE100: banking sector leads the way in diminishing DB deficits

    DB pensions report an overall deficit decrease of £22bn for the first time in recent history. We’ve delved deeper to understand what this means for the FTSE100.

  • Picture for University Accounting Survey
    University Accounting Survey

    This is our seventh annual survey of the assumptions adopted by UK universities for determining the value of their pension liabilities for accounting purposes.

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