Financial Services: Actuarial
Our Actuarial Services department provides a full range of actuarial, administration and consultancy services involved in the operation of group pension schemes, including final salary schemes, small self-administered schemes and executive pension plans. We also advise individuals on the range of options at retirement.
Our Actuarial and Consultancy services* include:
- Actuarial valuations and funding advice
- Accounting for pension costs - UK, US and international accounting standards
- Advice on Pension aspects of mergers and acquisitions
- Benefit design - including replacing final salary schemes with money purchase (defined contribution) arrangements
- Investment advice on long term strategic asset allocation and selection of fund managers
- Member communication, including scheme booklets and announcements and meeting the disclosure requirements
- Pensioneer Trustee Services in connection with Small Self-administered Pension Schemes
- Retirement counselling
- Scheme wind-ups
- Correspondence with the Inland Revenue in connection with contracting-out and with regard to seeking approval, etc
Full Pension administration service includes:
- Maintenance of records and provision of data used in actuarial valuations and reviewing insurances
- Calculation and payment of benefits and correspondence with members
- Annual benefit statements
- Preparation of trustees report and accounts for scheme auditor
- Settlement to Inland Revenue of taxes and to the DSS of State Scheme Premiums
* Some of our Actuarial Services are not regulated by the Financial Services Authority