At Hymans Robertson, we fully understand that your role is to meet your stakeholders’ needs, whether they are scheme members, employers or taxpayers.  Our role is to support you fully in achieving this.

Our actuarial practice includes a specialist public sector team which provides in-depth actuarial services purely to the public sector.  The team uses financial and statistical models to assess your scheme's ability to pay benefits to members in a manner that is affordable to both employers and taxpayers.

We will value, model, track and predict the funding dynamics of your scheme.  We will also look at external influences and their potential consequences, such as the impact of flexible working, anti-age discrimination and any necessary increases in member contributions. 

Our approach will result in reliable actuarial valuations, together with sound recommendations as to the contribution rates that will balance the needs of your employers and taxpayers with your duty of prudent stewardship.

We see the process as an open and honest partnership between you as the scheme manager, your employers and us as your actuary.  By developing a reliable and highly detailed picture of your scheme’s dynamics, we can ensure you can make dependable and justifiable decisions in both the short and longer-term.

OUR SERVICES

• Formal and interim actuarial valuations of fund assets and liabilities 
• Valuations and statements for employers to comply with the FRS17 requirements
• Specialist individual member calculations
• Attendance, if requested, at pension fund Investment panel meetings and employer or fund forums
• Meetings with the administering authority or individual employing bodies
• Advice on the impact of regulation changers and associated costing
• Investigating combined LGPS funds’ demographic experience to get early warning of emerging trends  
• Guidance on bulk transfers
• Training
• Funding statements
• Cashflows