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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

  • Consulting on Fair Deal in the LGPS

    The LGPS has been waiting since 2013 for New Fair Deal to be enshrined into its regulations. Following an earlier consultation and subsequent rejection of the proposals, this new consultation proposes a different way forward.

  • Bulk transfers in the LGPS

    Transfers to non-LGPS arrangements can be more complicated and are covered by different regulations. This Note sets out some of the principles and issues associated with bulk transfers between Local Government Pension Scheme (LGPS) Funds.

  • The DB Odyssey

    With fewer DB pension schemes open to new joiners, many DB schemes are now on the long road to their end. This makes it increasingly important for trustees and employers to think carefully about what they are trying to achieve in the long term.

  • Jun 4 2019
    Pension Strategy Breakfast Roundtable | London

    Held at key locations across the UK, our breakfast sessions will provide finance, HR,CEO's and pension directors with food for thought as well as the opportunity to discuss key issues with peers.

    Location: Barnett Waddingham, London

  • Jun 11 2019
    Pension Strategy Breakfast Roundtable | Leeds

    Held at key locations across the UK, our breakfast sessions will provide finance, HR,CEO's and pension directors with food for thought as well as the opportunity to discuss key issues with peers.

    Location: Barnett Waddingham, Leeds

  • 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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