Actuarial, benefits and governance consultancy services for the LGPS

Pension funds are subject to increasingly complex rules; public sector funds also have their own regulations, statutory requirements and guidance making them distinct in many ways from those in the private sector.

Our specialist team recognises the unique nature of these funds and the regulatory environment which governs them. We provide clear, pragmatic and practical advice with fast turnaround times to all parties involved with these funds.

In addition to actuarial services, we provide consultancy and support services for benefit administration assisting with fast turnaround times to all parties involved with these funds, supporting and complementing your in-house services and staff. We also provide governance services to funds and local pension boards and their members including partnering with CIPFA to provide support and training to meet and maintain their required levels of knowledge and understanding.     

We look after approaching 25% of LGPS Funds across the breadth of the UK.

In addition to our LGPS Funds we also provide services to Police Authorities, Fire and Rescue Services, NHS Trust Funds and various employers who participate in public sector schemes, such as the Principal Civil Service Scheme.

We also provide services to charities, non-profit companies and contractors more generally across the public sector.

Significant experience

• Statutory triennial valuation – we provide this to all our clients including advice on funding strategy. Our suite of online tools specifically developed for the LGPS help administering authorities manage funds’ pension liabilities more effectively.
• Accounting disclosures – we regularly provide these with explanatory reports, for benefits provided under a range of public sector funds (both funded and unfunded) to participating employers
• Advice for fund employers – we regularly provide explanatory reports in respect of employers joining, leaving a fund or transferring between funds
• Pension fund governance – we regularly assist funds in providing assistance and advice, as well as support and training for local pension boards and their members
• Pension tax queries – we regularly assist funds and individuals in providing assistance with Annual Allowance and Lifetime Allowance queries
• Technical text and communications – we are often requested to assist in the provision of communication material for scheme members, pensioners, employers, administrators and elected members, this has ranged from newsletter articles, annual benefit statements, briefing notes, websites and training sessions
• Systems development – we have a specialist team developing software and online solutions for LGPS funds. This is complemented by BWebstream, a secure data exchange and communications portal