Barnett Waddingham

Defined benefit pension schemes with future service benefits have been largely forgotten by the DWP and the Pensions Regulator, but future service costs can cause even more problems (for those employers that do wish to provide them) than the well-publicised past-service deficits.

A few high profile schemes, such as Royal Mail, have started to ask for legislative changes to allow “Collective DC” (or CDC) schemes to be used in the UK. Barnett Waddingham Partner, Paul Hamilton looks at how DB future accrual works (or doesn’t work) in the UK, and is joined by Rajish Sagoenie, Managing Director of Milliman Pensioenen in The Netherlands to talk through his experiences of working with CDC schemes there.

Are bulk annuities a potential option for your scheme? It could be the right time to consider a transaction. Buy-ins can play an important role in any de-risking journey – offering an effective way of removing both financial and demographic risks.

The approaching tax year end is the time when most people examine their personal and company finances.
To help professional advisers be ready for client questions at a time when every minute counts and travelling time is unwelcome – we’re hosting a live webinar with a strong technical focus in February.
Join us live to watch and ask questions, or catch up when you can to keep in perfect technical tune.

There is no getting away from it - actuarial reports are a fact of life and are here to stay.

Important and material information can easily get lost in long technical and “boring” reports. This makes it difficult for report users such as committees and boards to identify the key issues, and increases the risk of suboptimal decision-making.

It is unlikely that any actuarial report will ever win the Man Booker prize, however, there are many things you can do to make the writing process easier and make the report less dreaded by its users.

This webinar will cover how to improve the writing process of reports and make long, technical and “boring” reports a thing of the past.

Join our webinar where we will discuss current issues in financial reporting for pension schemes, under IAS19 and FRS102, and the flexibility in assumption setting – which can drastically reduce deficits.

As mentioned in recent news articles, Tesco reduced their balance sheet deficit by nearly £3bn. We will explore this and help you understand what reasonable changes you can make under the standards - reducing your pension balance sheet.

We’ll take you on a journey in understanding year-end market conditions and why you should reconsider your year-end methodology.

In this webinar we will demonstrate how easy it is to create Key Information Documents (KIDs) for Packaged Retail and Insurance-Based Investment Products (PRIIPs), in line with the new regulations coming into force on 1 January 2018, using Barnett Waddingham’s KIDs for PRIIPs tool. Throughout the demonstration, we will discuss the key inputs and decisions required to ensure compliance.

The Pension Protection Fund (PPF) released a consultation on 27 September 2017, setting out draft rules for the PPF levy and significant changes on the way this will be calculated. The changes are designed to improve the fairness of the levy, but will inevitably lead to winners and losers and for some schemes, the change in levy will be very significant.

We’ll be looking at the impact of the PPF’s proposals and what actions trustees and employers can take to reduce their levy.

A short round-up of topical matters regarding pensions; particularly given the political and economic backdrop arising from the General Election result, and the start of the Brexit negotiations.

In this webinar we will demonstrate how easy it is to create Key Information Documents (KIDs) for Packaged Retail and Insurance-Based Investment Products (PRIIPs), in line with the new regulations coming into force on 1 January 2018, using Barnett Waddingham’s KIDs for PRIIPs tool. Throughout the demonstration, we will discuss the key inputs and decisions required to ensure compliance.

With Defined Benefit (DB) schemes in the Higher Education sector seeing a steady increase in costs, many institutions are now considering whether to move a proportion of their staff onto a DC scheme. DC schemes can introduce a lot of freedom and flexibility for staff members which can be very valuable, however setting up a DC scheme can also be a complicated exercise and may initially create concerns for those staff members being moved. Therefore the key to a successful DC launch is getting the right provider, the right level of benefits and ensuring that you are engaging with staff in a way that helps them to see the potential. During this 45 minute webinar we hope to give you an understanding of the key issues when thinking about setting up a DC scheme.