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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

  • 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.

  • PATHways 78

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

  • Current Pensions Issues - Summer 2017

    Our latest edition of Current Pensions Issues includes an overview of TPR's annual funding statement, Conservative manifesto policies following the snap general election, as well as the latest news on the PPF levy.

  • Sep 21 2017
    The DC Snapshot

    Would you like to attend a pensions event with a difference? Our full day event, The DC Snapshot will be the first ever ‘pop up’ DC (defined contribution) event combining the science of pensions with the creativity of photography.

    Location: Studio Spaces, London

  • 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 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.

  • 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.

  • Useful research from the Pensions Regulator about auto enrolment

    Following the publication of the Pensions Regulator research into “how UK employers are meeting their auto enrolment duties following the completion of their declaration of compliance”, Rob Thomas, Associate at Barnett Waddingham, shares his thoughts.

  • A period of stability for the lifetime allowance

    The Financial Times have reported the new pensions Minister, David Gauke, has conceded that without a clear Commons majority he did not see “a particular consensus emerging” for an overhaul of retirement savings incentives.

  • Trustees should have plans in place for their basic duties

    The Pensions Regulator (TPR), has today published new data which shows that trustees of pension schemes who fail in their basic duties can expect to receive a penalty from TPR. Sara Cook, Associate at Barnett Waddingham, shares her opinion on the warning.

GMP Reconciliation

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

FIND OUT MORE

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