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.


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

    The debate on how to measure scheme funding liabilities
    6 October 2016
    “Pension Scheme liabilities are at all time highs” and “Gilt yields are at all time lows” are some of the current headlines within the defined benefit (DB) pension world so you could be forgiven for concluding that UK DB pensions are systematically in crisis. However, should liabilities and gilt yields be as closely linked as the headlines suggest? This quarter we focus on alternative discount rate methodologies for funding purposes and take a look at expected accounting assumptions at 30 September 2016. We also provide our usual updates on PPF levies and the buy-out market.  Read full bulletin here
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    Stormy waters ahead for pensions?
    6 September 2016

    ​Whilst we may have seen fewer thunderstorms this year than in previous summers, there has been no shortage of developments which could signal stormy weather ahead for pensions, including a Cabinet reshuffle, recent high-profile developments relating to the British Steel and BHS pension schemes and the prospect of a new Pensions Bill. All this takes place in the context of the vote to leave the European Union, which we have already considered in our briefing note ‘What does Brexit mean for pension schemes?’.

    Read full pensions bulletin here

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    21st century trusteeship and governance
    24 August 2016

    ​In July 2016, the Pensions Regulator (TPR) published a discussion paper on how trustee boards can meet the challenge of pension scheme governance in the changing pensions and economic landscape of the 21st century. TPR is seeking views by 9 September 2016 on a number of topics, including whether there should be minimum qualifications for professional trustees or Chairs of trustees and whether Chairs should be required to produce a governance statement for defined benefit (DB) schemes.

    Read full briefing note here

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    What does Brexit mean for pension schemes?
    26 July 2016

    On 23 June 2016, the UK voted to leave the EU, but it remains unclear when our exit (otherwise known as ‘Brexit’) might be triggered and on what terms. In the face of such uncertainty, trustees and sponsors of pension schemes should be considering the short-term effects on their funding and planning for the possible longer-term implications of Brexit.

    Read full briefing note here

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    What options are there for managing the DC governance burden?
    20 July 2016

    ​In November 2013 the Regulator introduced a Code of Practice (Code) for the governance and administration of trust based DC schemes. Legislation came into force on 6 April 2015 introducing further requirements, including a mandatory annual Chair’s statement. A new update Code, together with accompanying guidance, is to come into force on 28 July. This note explores the options available to trustees and sponsors looking to manage their DC governance burden.

    Read full briefing note here

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    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.
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    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.
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    Visit the Online services area to access our full range of online modelling tools and facilities


    Maturing Gracefully: End Game Planning for Pension Schemes **FULLY BOOKED**
    1 November 2016
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    Pension Scheme Valuations in a Post-Brexit World
    9 November 2016
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    Pension Scheme Valuations in a Post-Brexit World
    10 November 2016
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    Pension Scheme Valuations in a Post-Brexit World
    24 November 2016
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    Pension Scheme Valuations in a Post-Brexit World
    26 January 2017
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    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