High earners support
The annual and lifetime allowances are complex areas of pensions tax. The lack of good quality communication can leave employees and employers exposed to financial issues and a unhappy senior workforce. bac has extensive experience in helping employers design and implement their employee support programme.
A large company wanted to overhaul how it supported senior employees with the annual and lifetime allowances. This project involved specialist actuarial, legal, online technology and communication support and needed to be delivered within 12 weeks.
We were brought in to provide actuarial support but also overall project management services. Our role was to co-ordinate all advisers and the in-house pension team. The project was delivered on time and within the budget.
Hymans Robertson announces today that it has acquired Bath Actuarial Consulting (BAC). At the same time Andrew Udale-Smith and Leonard Bowman from Bath Actuarial Consulting (BAC) will be joining the firm as new Partners.
In the news over the last week, the DWP responds to its consultation on climate risk governance and reporting for pension schemes, transfer-blocking powers could be on the horizon, MaPS delivers on pension guidance and there’s more de-risking.
This quarter’s Arena has a summary of our recent Pensions Perspective, “Endgame planning comes of age”, which looked at how long-term funding and investment plans are evolving and why companies are increasingly taking the lead in designing an endgame strategy. It also shows all the usual financial and investment analysis for the quarter ending 30 September 2020.
Journey plans or glide paths may have been around for a long time but they’re at the heart of the Regulator’s proposed new funding code. In this Pensions Perspective, Leonard Bowman looks at how long-term funding and investment plans are evolving and explains why companies are increasingly taking the lead in designing an endgame strategy for their schemes.
This quarter’s Arena has a summary of our recent Pensions Perspective, “Emerging from lockdown”, which looked at how best to tackle the most common pension issues which companies are currently facing. It also shows all the usual financial and investment analysis for the quarter ending 30 June 2020.