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.
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.
Investment pools have been given a target date of 1 April 2018 to be established formally. Melanie Durrant, of Public Sector Consulting, reports back from the LGC Investment Seminar.
The new LGPS (Amendment) Regulations 2018 finally emerged on 19 April 2018, and came into force on 14 May 2018. We discuss the arising issues that administering authorities should consider with regard to exit credits.
Our latest note outlines some of the considerations that should be taken if a new employer becomes an admission body within an LGPS Fund under a pass-through arrangement. Read the note to find out more.
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.
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.
This is our seventh annual survey of the assumptions adopted by UK universities for determining the value of their pension liabilities for accounting purposes.
This year’s report focuses upon many of the key metrics that we have monitored in previous years, as well as newer analyses such as how companies consider their pension risks within the context of the other business risks to which they are exposed.
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.
In the last set of exam results we are delighted to have two new qualified actuaries and an excellent set of results for our hardworking actuarial students.
The firm has announced today that six of its staff are newly qualified following the latest round of exam results from The Institute and Faculty of Actuaries.