I agree We use cookies on this website to help us provide the best user experience. By browsing this site you agree to their use - more information is available here.

Barnett Waddingham
0333 11 11 222
We provide the full range of actuarial services to the trustees of defined benefit (DB) pension schemes based on a culture of providing all of our clients with a high quality, professional service through strong personal relationships and tailored solutions while remaining competitive on fees.

This range of actuarial services includes advising on:

  • actuarial valuations using our proprietary interactive system, 'Illuminate' which enables the trustees to analyse the relationship between funding, investment and employer covenant;  funding negotiations with the employer; liaison with The Pensions Regulator; and any other valuation services as required by trustees
  • interim funding reviews, including the option for trustees to use our on-line tools to monitor changes to the funding level (and/or buy-out level and other funding measures) in between the formal valuations
  • integrated funding and investment strategies and de-risking frameworks
  • longevity analyses
  • scheme amendments, mergers, discontinuance, annuity buy-ins, buy-outs and scheme wind-up
  • employer cessation events and apportionment arrangements
  • actuarial factors for commutations, early/late retirements, transfers and other individual calculations
  • scheme governance and trustee training
  • changes in legislation, codes of practice and market practice

Significant experience:
  • we have over 50 Scheme Actuaries who are appointed to over 370 DB pension schemes
  • we provide tailored services to scheme trustees with fund sizes ranging from £1 million to £5 billion
  • the full range of services is provided from each of our eight offices across the UK
  • teams are made up of experienced advisers who are either professionally qualified or are studying for professional exams as part of our extensive professional training and development support. We currently employ 137 qualified actuaries

Related knowledge and resources

  • Benefact - April 2018

    Our latest news on pensions and other business risks in the Charities and Not-for-Profit sector.

  • How to contingency plan

    What does TPR mean by “contingency planning” for DB schemes and what should trustees be doing?

  • DB Scheme Funding - where do we go from here?

    Our recent survey suggested that trustees are engaged with TPR guidance but are still getting to grips with how to implement risk management. We discuss some of the key challenges DB schemes face and how good risk management can help meet them.

  • Nov 29 2016
    A practical guide to Integrated Risk Management

    During this webinar, our experts will share their insights on the pragmatic application of Integrated Risk Management and how this can benefit your scheme.

    Location: Webinar

  • Picture for Bulk annuity: current market and recent developments
    Bulk annuity: current market and recent developments

    Highly competitive insurer pricing compared to gilts is providing extremely attractive opportunities for schemes to remove both financial and longevity risks.

  • Picture for Pension flexibilities: Impact on DB schemes two years in
    Pension flexibilities: Impact on DB schemes two years in

    Now two years into freedom and choice in DC retirement savings, for members of a DB scheme making the most of these flexibilities will involve transferring to a DC arrangement. We provide an update on the lay of the land.

  • Picture for Buy-outs and Buy-ins Report 2016
    Buy-outs and Buy-ins Report 2016

    Our 2016 Bulk Annuity Annual Report discusses the latest developments in the buy-in and buy-out market. We highlight important issues for trustees and sponsoring employees as well as summarising the views of insurers on key aspects of the market.

  • A change of corporate ownership - reviewing the pension implications

    We have provided actuarial and investment services to a £20m pension scheme, whose sponsoring employer is a design and manufacturing company in the aerospace industry.

  • Achieving higher returns with lower risk

    We were appointed to advise a client with ~£400m of assets in 2015 and this case study sets out how we worked with the trustees and employer to ultimately reduce risk and increase expected returns while working towards an agreed objective.

  • An out of control deficit

    We provide a regular funding and investment monitoring service to the trustees of a £40m scheme. We were asked to review the funding and investment strategies of the scheme, in particular with a view of reducing the risk of the deficit increasing further.

Updates delivered to you

Stay ahead with our latest comment, expert insight and event details.