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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.

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
Barnett Waddingham Illuminate

Greater clarity and focus for your pension strategy.

Related knowledge and resources

Blogs

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    Following the publication of the Labour, Conservative and Liberal Democrat parties manifesto’s, Malcolm McLean, Senior Consultant at Barnett Waddingham, looks at how their key pensions and related policies stand.

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    Most commentators are suggesting that the election will be dominated by Brexit and the future of the United Kingdom outside the European Union. But there are many other domestic issues that the election campaign will also throw into focus.

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    Making predictions just got harder

    Question marks over our ability to predict the future provided two of the highlights of recent our annual pensions conference. Senior Partner Nick Salter explores...

  • PATHways 75

    Our Pension Administration Technical Help highlights pensions news and legislation that pays particular interest to what we do in Pension Administration.

  • Scottish rate of income tax and pension tax relief

    The Scotland Act 2012 gives the Scottish Parliament the power to set the Scottish rate of income tax. As a result, since 6 April 2016, Scottish taxpayers have been subject to lower rates of UK income tax.

  • Buy-outs and buy-ins - Spring 2017

    Final reporting from the insurers for 2016 confirmed a flurry of activity in the last quarter of the year, with a significant amount of transactions completed. This resulted in total business with UK pension schemes of just over £10.2bn for 2016.

  • 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 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.

  • Picture for Pensions flexibilities and DB schemes
    Pensions flexibilities and DB schemes

    In April 2015 the government introduced legislative changes designed to increase flexibility for individuals when accessing their pension savings from age 55 onwards. To find out how DB schemes are reacting to the new flexibilities we conducted a survey.

  • Asset Allocation - Risk Analysis

    In 2013 the Trustees of a Charity asked us to use modelling to illustrate possible future investment returns and volatility resulting from the Charity’s current asset allocation, and then to suggest possible alternative asset allocations.

  • Splitting inflation and nominal interest rates

    During early 2012, one of our schemes was constrained by the funding basis and the availability of contributions from the employer to the extent that it could not afford to reduce the level of risk and purchase additional protection.

  • Changes in legislation and pension scheme benefit changes

    Keeping up to speed with changes to comply with the legislative requirements can be extremely time consuming and require complex solutions. We can offer an alternative to hours of resource by providing tailor made on-site training days or workshops.

GMP Reconciliation

Want to better understand the end of contracting out for DB schemes?

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