Actuarial services for trustees
Providing a complete, tailored actuarial service for DB pension schemes
Delivering independent and quality actuarial advice, we bring bespoke insights and solutions that are tailored to our client’s needs.
We provide the full range of actuarial services to trustees of defined benefit (DB) pension schemes, ranging from strategic to operational. We specialise in ensuring that your needs are addressed as the primary focus.
We don’t believe in a 'one-size-fits-all' approach and we don’t have any external stakeholders to satisfy. This means we are free to act in your best long-term interests. We call this free thinking and it's in our DNA.
All of our teams are well balanced, made up of experienced advisers who are either professionally qualified or are studying for professional exams. We recruit talented graduates each year and provide an extensive professional training and development program. This ensures we can provide you with quality and cost efficient services.
We have 147 qualified Actuaries who are appointed to over 330 DB pension schemes, some of which have been with us for over 20 years. We provide tailored services to scheme trustees, across all of our nine offices, with fund sizes ranging from £1 million to over £5 billion.
Many of our clients choose us to provide full services (actuarial, administration and investment) to their schemes. This enables them to benefit from joined-up advice from one advisory team all working together to deliver the best outcomes for their scheme and members.
As a trustee, you’re responsible for making decisions about your scheme. To help you make those decisions we design and build our own technology and tools to help you assess your options and see the potential impact of your decisions.
Our holistic actuarial, investment and pension administration approach which gives you the knowledge, structure and tools to optimise your strategy for tackling the journey towards your DB end game.Explore DB Navigator
Our proprietary interactive system, which enables trustees to analyse the relationship between funding, investment and employer covenant.Explore Illuminate
Our easy-to-use tool offering you a quick and simple assessment of your funding approach.Explore Fast Track Indicator
As DB schemes are maturing strategic planning is becoming increasingly important. Our experienced and well-rounded consultants are able to help you design and monitor integrated funding and investment strategies and de-risking frameworks.
Using DB Navigator® our consultants can provide a clear and simple decision-making framework to ensure you identify an appropriate endgame for your scheme and optimise your strategy for tackling the journey towards it.
Our specialist tool Illuminate can support you through your journey, helping you answer key questions to develop your strategy and then, through a customisable dashboard, allow you to monitor progress towards your goal and capture any opportunities.
Using these tools and our expertise we can help you see the bigger picture through truly integrated risk management.
Life expectancy has been rising in recent years. Many schemes are finding they need to invest more time in considering the most appropriate mortality assumptions to use. Our client teams work in tandem with our specialist Longevity Consulting team to provide a concise report making best use of the data available and tailored to the specific needs of your scheme.
Obtaining quotes requires careful consideration. Which insurers should be approached? How should the process be run? Which members should be insured? What is an acceptable price? As independent experts, with considerable experience in this market, we can provide unbiased opinions of the bulk annuity providers in the market and help you become comfortable with the transaction.
Exercises providing members with more options around taking their benefits, like promoting cash equivalent transfer values or offering pension increase exchange, are becoming increasing popular with trustees. Not only can they reduce the cost or risk (or both) of running your DB scheme and speed up the time to reaching your ultimate goal but also help your members make more informed decisions about their retirement. Our experts can help you design and implement member options exercises specifically for your scheme.
If your scheme is still open to new members, open to future accrual or the benefits have retained a link to final salary, it is important that you are receiving expert advice. Our client teams are experienced in providing the specialist advice required by open schemes and our independence enables us to find the solution that is right for your scheme.
The legal position is clear. GMP equalisation needs solving. Pre-requisite steps are GMP reconciliation and GMP rectification and where these have not been completed they should be considered together with GMP equalisation as part of the overall GMP project.
Our experienced and specialist GMP unit coupled with scheme specific consultancy will help make your GMP project as painless as possible.
We recognise that things don't always run smoothly or go to plan. In these cases we are available to offer impartial and expert advice on a wide range of issues within pensions, as well as the insurance and investment sectors. Our experts have experience of working with legal and other advisers in providing advice or expert witness reports. We guarantee that our advice and reports will be clear, concise and free from any conflict.
We can also provide advice on the apportionment of life trusts, pension loss cases for individuals, divorce as well as other projects for companies and individuals which could benefit from actuarial expertise.
The ongoing implications of changes to pensions taxation make retirement planning for executives increasingly complex. Our experienced teams work with senior individuals and companies to help them understand the issues and options available to them and to develop retirement strategies.