Trustee Consulting
Pension fund trustees are key to ensuring the retirement benefits of millions of occupational scheme members across the UK. Increasing complexity in pensions regulation coupled with volatility and uncertainties in scheme funding have made over-seeing an occupational plan a challenging task.
At Punter Southall we understand the unique set of challenges facing trustees, our actuarial team already advise on over 250 schemes and across the entire range of trustee responsibilities.
Helping our trustee clients
Punter Southall Client teams appreciate that trustees need knowledge and confidence to cope with the demands of the job. By arming our clients with the right tools, we help empower trustees to ensure the security of their scheme members.
Governance solutions
Employing effective governance is a challenge for trustees in today’s complex environment. We know that good governance means effective management through appropriate systems, and our comprehensive training and advice supports trustees to comply with governance requirements.
Our governance services include:
- Trustee training aimed at all levels of knowledge and understanding;
- Advice on changes to pension legislation;
- Assistance with efficient plan design;
- Top quality research and thought leadership.
Valuation solutions
Improvements in life expectancy have led to a greater appreciation of the effect longevity will have on occupational funding. Sophisticated actuarial valuations are vital to asset and liability management, and Punter Southall’s proprietary valuation models can respond to the most advanced investment strategies and recovery plans.
Continuously updated, our systems can cope with huge degrees of complexity which we are able to communicate to our clients clearly and simply at every stage.
Using leading-edge innovation, we have built a suite of models that enable us to deliver appropriate advice on which trustees can take decisions, monitor results and choose solutions appropriate to them.
These comprise:
- BeLonG
Our bespoke longevity generator produces a prudent base table of mortality assumptions which trustees can use to model current expected death rates for members of their scheme. Download our BeLonG flyer. - ProLonG
This suite of tools helps trustees choose an assumption for projecting longevity. They incorporate all the aspects of benchmarking, information and illustration needed to make an educated decision. Download our ProLonG flyer. - Impact Model
For both trustees and their sponsoring employers, our live model demonstrates the outcomes of adopting different assumptions. It illustrates the sensitivity of the liabilities and the proposed recovery plan to changes to discount rates, longevity assumptions and pension and salary inflation. The Impact Model helps trustees and corporate sponsors narrow down the range of possibilities associated with Scheme Specific Funding valuations, potentially reducing costs and complexity. Download our Impact flyer.
Trustee Training:
