Defined Benefit pension schemes must, by law, have an actuarial valuation at least once every three years. Annual reports are needed in the years in between valuations, and statements reporting on the Scheme's funding position must be issued annually to members.
The Pensions Trust appoints a Scheme Actuary to advise all of its member schemes. The benefits of our approach include:
- Access to one of the top actuarial firms in the UK.
- Economies of scale – we are able to negotiate lower charges for actuarial services because we 'buy in bulk' and can sometimes use generic advice to benefit all of our clients.
- Costs are recovered from the pension fund - your organisation doesn't have a host of additional bills every three years.
The Pensions Trust manages the Scheme funding process from start to finish, from covenant assessment and assumption setting to discussion of results, adjustments to investment strategy and scheme benefit structure and finalising all the reports, statements and schedules. We will make sure everything is done for you.
Details of our actuarial service.