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Barnett Waddingham
0333 11 11 222
At Barnett Waddingham, our trustee services are designed to support you fully in your role, delivering pragmatic advice and a rapid response. We bring clarity to complex issues such as de-risking, longevity and the impact of legislative change to help you make informed and timely decisions for the benefit of your pension scheme members.

For scheme actuary requirements, full-service actuarial consulting or standalone projects, a bespoke team will deliver to your individual needs, and an experienced partner will remain personally involved at all levels of the work.

We actively support you in effective scheme management, providing easy access to funding and other information via insightful online tools.

We assist with all aspects of pension scheme governance, and provide comprehensive trustee training to enhance your knowledge.

“I would not hesitate in recommending Barnett Waddingham's services as advisers to the Trustees. Throughout their appointment they have delivered a first class service relating to all aspects of Plan matters. The team are highly professional and build strong relationships with their client and the client's other advisers with ease. Their advice is always well researched and thought out, and is both relevant and realistic, and they are highly skilled in understanding the exact needs of their client. They are pleasure to work with and represent good value for money.”
Paula Maguire, Pensions Manager

Our experienced pension administration team is equipped to help with the day-to-day running of your scheme, handling member data sensitively, accurately and securely through our proprietary systems which can be adapted to your exact needs.

We also offer clear and independent investment advice across the full range of pension fund management solutions, based on a thorough understanding of your scheme’s risk profile and objectives.

Our growing client portfolio includes defined benefit (DB) and defined contribution (DC) schemes, hybrid, open and closed schemes, and those in a Pension Protection Fund (PPF) assessment period.

As advisers to around 500 DB pension funds in the UK, we provide tailored services to schemes ranging in size from less than £1 million to some of the biggest schemes valued at over £5 billion. 


Recent highlights include:

  • we now advise over 15% of the FTSE350 companies with a DB scheme
  • assisting in actuarial valuation negotiations between trustees and employers using our interactive on-line funding tool, Illuminate
  • delivering a high-speed valuation for a client requiring certainty over funding negotiations in just six working days after the valuation date
  • working with several schemes to ensure that the PPF accepts 'type A company guarantees' for 2014/15 PPF levy purposes – reducing many prospective levies substantially
  • we have worked with several schemes to improve governance standards recently - examples include the establishment of a business plan and a DC Governance committee
  • helping many schemes to adopt a pragmatic approach to reconciling their GMP data
  • leading several seminars with clients and other pension professionals on the subject of DB to DC transfers post 5 April 2015
  • being involved at the heart of the Defined Ambition (DA) debate, with members of our team participating in various working parties and developing our own innovative collective defined contribution (CDC) pension scheme vehicle
  • providing an innovative buy-out transaction to fix the premium in advance to remove the risk of market fluctuations
  • working with clients to set appropriate triggers for increasing the level of real interest rate hedging on scheme liabilities

Related knowledge and resources

  • Investment Insights: LDI Plus

    The use of LDIs, by which we mean the practice of using leverage to reduce the exposure of a pension scheme's funding position to interest rate and inflation movements, has become increasingly commonplace in pension schemes' investment portfolios.

  • PATHways 90 - Pension Administration Technical Help

    Our 90th edition of PATHways highlights pensions news and legislation that has particular relevance to what we do in pension administration.

  • ESG in focus

    The DWP issued a consultation on clarifying and strengthening trustees’ investment duties in June 2018, with responses requested by mid-July. What are the key proposals and what might trustees do to prepare?

  • Sep 11 2018
    Chair of Trustee Forum | Birmingham

    Our experts will lead a small group of Trustee Chairs discussing a range of helpful topics, followed by lunch.

    Location: The Hyatt, Birmingham

  • Sep 13 2018
    Chair of Trustee Forum | London

    Our experts will lead a small group of Trustee Chairs discussing a range of helpful topics, followed by lunch.

    Location: The RAC Club, London

  • Jan 15 2019
    Investment Conference | Birmingham

    At our Investment Conferences we cover the most pressing investment issues for pension scheme trustees, employers and pension professionals.

    Location: The Belfry, Birmingham

  • 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 University Accounting Survey
    University Accounting Survey

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

  • 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.

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