Scheme Actuary Advice
Scheme funding
Asset/liability valuations are possibly the most important element underpinning the financial elements of a defined benefit pension plan. Understanding funding positions and future payment obligations are fundamental to setting investment strategy and determining the contribution levels.
Punter Southall’s experienced team of actuaries can guide trustees through:
- Setting the statutory funding objective
- Determining the assumptions and calculating the resulting liabilities
- Setting a strategy to target full funding, including the use of contingent assets, in the context of a consistent approach to investment strategy
- Negotiating with the employer
- Formal certification and filings
- Produce annual reports and summary funding statements designed for members.
Supporting Trustees in providing members' benefits
Trustees are ultimately responsible for delivering members benefits, and getting this right ensures confidence in the pension plan.
Our actuarial services include:
- Review and maintenance of actuarial factors
- Statutory money purchase illustrations
- Advice on special situations, including augmentations or benefit variations
Liaison with third parties
Dealing with a wide range of advisers and consultants is a drain on trustees’ time and may not be the most efficient use of resources.
Punter Southall can act as a single point of contact for third-parties including legal teams, auditors, accountants and investment managers.
Our expert teams can:
- Liaise with the legal advisers including certification of rule changes
- Drafting and review trustee reports and accounts
- Assistance with scheme returns
- Advise on trustee meeting agendas and attendance at meetings
- Provision of cash flows
- Review Statements of Investment Principles
Trustee Training:
London Employer Masterclass (September)