Our integrated, risk-based actuarial approach helps defined benefit pension schemes navigate complex funding, investment and covenant challenges with greater confidence.
By combining technical expertise with practical, forward-looking advice, we support trustees and sponsoring employers in managing risk, meeting regulatory requirements and progressing towards their long-term objectives.
Every scheme is different, which is why we tailor our advice to your circumstances. We help trustees and sponsoring employers understand the opportunities and risks they face, so they can make informed decisions with confidence.
We help you:
It’s more important than ever to have a robust, long-term plan to pay members' benefits. Our clear, straightforward advice will help you design and deliver the most effective strategy for your defined benefit (DB) scheme.
It’s an exciting – and pivotal – time for DB scheme trustees. Whether you’re aiming to settle benefits, purposely running-on your scheme, dealing with a deficit, or managing an open scheme, we can help.
We provide a full range of actuarial services through our experienced team of scheme actuaries, who provide tailored advice powered by innovative technology.
Corporate sponsors within the defined benefit pensions market have a lot to think about. Our clear, simple and straightforward advice helps sponsors navigate a complex environment and achieve better outcomes.
Whether it's investment, risk transfer or strategic funding advice, we develop and implement commercial pensions strategies to manage the risks associated with defined benefit (DB) pension arrangements.
Running on can unlock value for defined benefit (DB) schemes. It can also create meaningful opportunities to improve member outcomes. Horizon gives you the clarity, confidence and structure to decide whether it is right for you, and how to deliver it well.
With a dynamic risk transfer market and new provider solutions emerging, endgame planning is complex. Our excellence in endgames hub can help you navigate this diverse landscape.
The DB funding code of practice introduces important changes for trustees and sponsoring employers. Our dedicated hub brings together expert insights, technical guidance and practical resources to help you understand the implications for your scheme, assess your options and plan your next steps with confidence.
If your DB scheme is targeting buy-out, you’ll need a cohesive strategy and plan to get there. That’s why we developed PACE (plan, aim, check and execute). PACE integrates affordability, investment and due diligence considerations to create a clear pathway for your scheme.
Precision gives you the tools to understand your scheme’s data and benefits, and the confidence to improve them so they’re fit for purpose now and in the future.
Your scheme data is the basis for your members getting the right benefits at the right time. Your data also needs to meet the Pensions Regulator’s (TPR’s) expectations and your objectives.
A scheme actuary provides advice to trustees on the financial health of a defined benefit (DB) pension scheme. Their responsibilities typically include carrying out actuarial valuations, assessing funding levels, advising on contribution requirements, modelling future liabilities and helping trustees understand and manage funding risks. The scheme actuary also supports compliance with pensions legislation and regulatory requirements.
Most DB pension schemes receive actuarial advice on an ongoing basis, with a formal actuarial valuation usually required at least every three years. However, trustees often seek additional advice between valuations when considering changes to funding strategy, investment arrangements, member options, risk transfer exercises or significant changes to the employer covenant.
An actuarial valuation is a detailed assessment of a pension scheme’s assets, liabilities and funding position. It helps trustees determine whether the scheme has sufficient assets to meet its future benefit obligations and informs decisions about funding strategy and contribution requirements.
A DB scheme’s funding position can be influenced by a range of factors, including investment performance, interest rates, inflation, life expectancy assumptions, benefit payments and the financial strength of the sponsoring employer. Regular monitoring and actuarial analysis can help trustees understand how these factors affect the scheme over time.
Actuarial modelling allows trustees to test different scenarios and understand the potential impact of funding, investment and covenant decisions. This can support discussions around journey planning, risk management, endgame strategy and long-term funding objectives.
Join us on 27 May to explore the issues shaping the future of pensions and retirement.
Join us for our annual risk transfer conference taking place 3 November at 30 Euston Square.
Discover how the gender pensions gap could affect retirement outcomes, workforce planning and inclusion goals, and what employers can do about it.
Our comprehensive roundup of the latest news and trends in pensions, investments, trusteeship and scheme management. Read the October 2026 edition here.
