Scheme Actuary services

​The bedrock of our approach is delivering succinct and timely advice to pension trustees, with clear options and recommendations. We strongly believe that this enables trustees to fulfil their role more efficiently.
 

 Overview

 
A successful Scheme Actuary must actively engage with trustees on several levels. We believe: 
  • a Scheme Actuary appointment is a personal appointment - we build strong relationships with trustees to understand their particular circumstances
  • every pension scheme and every group of trustees is unique - so we tailor our actuarial advice and provide different solutions to ensure we truly meet the trustees' needs
  • it is essential that our advice as Scheme Actuary is ‘joined up’ with other advice you receive, most crucially pension scheme investment and covenant advice
We have developed tools to support and enhance the way we deliver our advice. We find they really do help our clients make effective, informed and timely decisions.

 

 Insights and views

 
    Pensions Bulletin March 2014
    10 March 2014

    In the latest issue of our Pensions Bulletin, we focus on journey plans and integrated risk management plans in the light of the Pensions Regulator's draft code of practice on DB funding. The Bulletin also looks at some other recent developments, including the impact of same sex marriage on occupational pension schemes and HMRC’s recent announcement on changes to its VAT policy.



    Read more
    Pensions Bulletin December 2013
    3 December 2013

    In our latest Pensions Bulletin, we examine two recent consultations from the Department for Work and Pensions which have thrown the spotlight on the gulf between defined benefit and defined contribution schemes and on the possibility of developing alternative ‘defined ambition’ designs to bridge the gap between them.

    The Bulletin also looks at some other recent developments, including new disclosure of information regulations and guidance from the Pensions Regulator on asset-backed contributions.

    We also flag key dates for your diary over the next quarter, including a breakfast briefing on 18 December on the Pensions Regulator’s consultation on a revised code of practice on defined benefit funding.



    Read more
    The Pensions Regulator publishes revised code of practice on scheme funding
    2 December 2013
    The Pensions Regulator (TPR) has today (Monday, 2 December 2013) published for consultation a number of documents relating to the funding of defined benefit (DB) pension schemes.


    Read more
    Pensions Bulletin September 2013
    9 September 2013

    In our latest Pensions Bulletin, we examine the increased regulatory focus on defined contribution (DC) schemes, with a new code of practice from the Pensions Regulator for trust-based DC schemes, a DWP call for evidence on minimum DC quality standards and a review of scheme charging structures by the Office of Fair Trading.

    The Bulletin also looks at some other recent developments, including a recent European case on the recovery of VAT and the appointment of a new PPF insolvency risk provider.

    In addition, the Pensions Bulletin flags key dates for your diary over the next quarter, including some Punter Southall events.



    Read more
    Pensions Bulletin - June 2013
    12 June 2013
    In our latest Pensions Bulletin, we ask whether the Pensions Regulator’s annual funding statement and proposed new objective go against the flow of regulation over the last decade by strengthening the position of the employer. The Bulletin also looks at some other recent developments, including the revised Takeover Code, the pensions implications of an independent Scotland and GMP equalisation.
     
    In addition, the Pensions Bulletin flags key dates for your diary over the next quarter, including some Punter Southall events.
     


    Read more
    Pensions Bulletin - March 2013
    6 March 2013
    In our latest Pensions Bulletin, we ask whether it is time for more joined-up thinking on pensions: do the various recent initiatives suggest that Government departments are working together to achieve the right balance between reform and continuity in the pensions system? The Bulletin also looks at some other recent developments, including ‘micro pot’ refunds, changes to the disclosure requirements and DC pension charges.
     
    In addition, the Pensions Bulletin flags key dates for your diary over the next quarter, including some Punter Southall events.
     


    Read more
    Valuations in a cold climate revisited
    5 March 2013
    Following an announcement made by the Chancellor of the Exchequer in his autumn statement last year, the Department for Work and Pensions (DWP) has published a ‘call for evidence’ entitled ‘Pensions and Growth’ on whether to allow smoothing of assets and liabilities in scheme funding valuations and whether to require the Pensions Regulator (TPR) to have a new statutory objective to consider the long-term affordability of deficit recovery plans to sponsoring employers.



    Read more
    Call for evidence on new statutory objective for the Pensions Regulator
    21 February 2013

    Punter Southall’s response to the call for evidence on whether to introduce a new statutory objective for the Pensions Regulator.

     

    Read more
    What if... smoothing is allowed?
    21 February 2013

    What is the current position?

    Actuarial valuations are undertaken based on market prices and yields on the date of the valuation. Assets are taken at market value and liabilities are priced using discount rates set with reference to gilts or other similar markets on the valuation date. Gilt yields have fallen significantly over recent years due in part to quantitative easing and this has led to widening deficits.


    Read more
    Pensions Regulator analyses defined benefit funding regime
    13 November 2012
    On 10 October 2012, the Pensions Regulator published further evidence and analysis on the defined benefit funding regime and the funding flexibilities that have been used by pension schemes and sponsoring employers. It highlights that practices vary and that, in facing challenging conditions, schemes are making increasing use of the flexibilities available within the funding regime. This corroborates the findings of Punter Southall’s 2012 Scheme Funding Survey, ‘Reaching pragmatic funding agreements in challenging times’ which showed that both trustees and employers were exploring avenues that had not previously been considered as part of their negotiations.
     

    Read more
    Pensions Bulletin - September 2012
    6 September 2012

    In this issue:

    •    Playing the waiting game
    •    Playing the waiting game: speed read
    •    Behind the scenes
    •    Other recent developments
    •    Publications round-up
    •    Dates for your diary


    Read more
    Recovery plans: the fifth analysis
    27 July 2012
    In June 2012, the Pensions Regulator published its fifth analysis of the recovery plan submissions it has received. As in previous years, the analysis includes comparisons of the assumptions used for technical provisions, details of recovery plans and information on how many of those recovery plans failed the trigger tests.
     

    Read more
    Pension scheme funding in current environment
    3 May 2012
    On 27 April 2012 the Pensions Regulator (“the regulator”) published a statement aimed at trustees and employers who are carrying out valuations over the period September 2011 to September 2012. The aim of the statement is to set out the regulator’s views on acceptable approaches to the valuation process in the current economic environment.


    Read more
    Valuations in a cold climate
    5 March 2012
    With gilt yields at historic lows, trustees and sponsors with valuation dates around the end of 2011 and start of 2012 can expect liabilities or ‘technical provisions’ calculated on current agreed bases to be higher than ever.
     

    Read more
    Visit the Industry Insights page for news and views on the latest industry developments
 

 Online services

 
    Postcode life expectancy estimator
    Use your postcode and gender to get an estimate of your life expectancy, in comparison to the national average, and an indication of the difference that your postcode could make to your annuity.
    Read more
    Risk evaluator
    An online tool that looks at five key areas of risk and gives trustees an initial high level review of the quality of the governance procedures in place.
    Read more
    Visit the Online services area to access our full range of online modelling tools and facilities
 

 Events

 
    A Streamlined Approach to Investment Decision Making
    3 June 2014
    Read more
    Scheme Funding Code of Practice
    18 June 2014
    For Trustees, Finance Directors and those responsible for Pensions and Corporate Risk
    Read more
    Trustee Training - Trustee Knowledge and Understanding (Intensive)
    30 September 2014
    This course addressed the knowledge and understanding requirements
    Read more
    Trustee Training - Trustee Knowledge and Understanding (Intensive)
    4 December 2014
    This course addressed the knowledge and understanding requirements
    Read more
    Visit the Events area for all forthcoming Punter Southall seminars, conferences and events
    Speak to us

    Speak direct to our specialists in this area
    Adam Stanley
    Head of Trustee Services
    Or call us on
    020 3327 5000