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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

  • Mortality analysis for LGPS Funds

    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.

  • Pensions Update for Universities - Spring 2015

    Pensions remain at the forefront of discussions, with changes to the USS, LGPS and TPS potentially resulting in universities conducting significant reviews of their overall benefit provision. Our latest update includes this and more.

  • University update - pension benefit design

    These are uncertain times for universities sponsoring DB pension provision. There are many potential options to consider and we have set out in this note some of the key factors along with our thoughts on the possibilities available.

  • 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.

  • Picture for Impact of Pensions on UK Business
    Impact of Pensions on UK Business

    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.

  • Picture for University Accounting Survey - July 2014
    University Accounting Survey - July 2014

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

  • Further support for Crisis at Christmas

    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.

  • Excellent exam results for our actuarial students

    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.

  • Number of qualified actuaries grows to 127

    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.

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