Public Sector Pensions

Actuarial Services for LGPS Administering Authorities

The actuarial services we provide to LGPS administering authorities include:

• triennial and interim actuarial valuations and approximate funding updates
• advice on funding assumptions and access to our proprietary longevity model
• cashflow projections and scenario testing
• data validation and cleansing support
• calculations for accounting purposes including under IAS26/IAS19/FRS102 and directors' disclosures
• advice on funding strategy, and funding risk
• advice and calculations in relation to employers leaving and joining funds
• evaluation of risk exposure to support the setting of indemnities or bonds
• advice on actuarial factors and access to our early retirement strain calculator
• bespoke LGPS supporting models and tools, e.g. our unitisation tool, contribution modeller, cashflow projection model, online funding update service Risk Analyzer and more
• wider services related to employer and liability risk management
• advice on bulk transfers

Our public sector actuarial team works closely with specialists in other areas and we have developed LGPS specific employer covenant assessment services, and longevity analysis.

Jonathan Teasdale
Head of Public Sector Actuarial Consulting

Contact Jonathan at [email protected] or phone – 07703 650124 or

Becky Durran

Scott Campbell

Benefits and Governance Services for LGPS Administering Authorities

Our benefit consultants assist clients with any aspect of delivering their pension scheme which does not fall under the guise of actuarial or investment matters. Our specialist public sector benefits and governance team have helped with:

• Training programmes for LGPS funds – both Committee and Pension Board members
• Governance effectiveness reviews
• Administration audits (such as checking the accuracy of LGPS 2014 calculations or efficiency of administration processes)
• Compliance reviews against the Pension Regulator's Code of Practice
• Cyber security assessment, controls and actions (see leaflet for more information)
• Risk management strategies and registers
• Identifying data issues and developing data improvement plans
• Employer communications and training, including employer responsibilities and guides
• A range of policies and strategies, including Conflict of interest policies, Administration strategies, and Discretionary policies (administering authority and employer)
• Performance measurement and reporting, including scorecards
• Scheme member workshops including an overview of scheme benefits and pensions taxation
• Efficiency tools such as training logs that automatically produce training certificates and risk dashboards
• Providing figures for scheme members regarding their annual allowance and lump sum allowances
• Annual benefit statements (from data collection to design of statements to collation and delivery)
• Calculation processing, including backlogs
• Project management

Our governance advice follows our best practice governance framework

Effective governance helps to ensure:

• Robust risk management that can assist in avoiding issues arising or at least reducing their impact
• Ensuring resources and time are appropriately focused
• Timely decision making and implementation of change
• A clear view of how the Fund is being operated
• A key element of our service revolves around the best practice framework shown below.

Catherine Pearce
Head of Public Sector Benefit Consulting

Contact Catherine Pearce at [email protected] or phone - 0117 9013419 or

Mary Lambe
Head of Public Sector Governance Consulting

Contact Mary Lambe at [email protected] or phone - 07771 678745 or

Virginia Burke

Jennie Green

Daniel Kanaris

Craig Payne

Ben Challinor

Scheme Employer Services

Our Scheme Employer Service enables employers which participate in the LGPS to easily access independent expert advice from LGPS specialists. These specialists are experienced in advising administering authorities in relation to the LGPS, but are not involved in advising the administering authority in question.

Areas of advice may include support with outsourcing of contracts, exit or entry to the Fund, assessment of indemnity bond requirements or assessing the funding impact of major membership changes. The team also calculate and supply annual accounting figures for employers in respect of their pension obligations.

Joel Duckham at [email protected]

Contractors who require support in connection with their local government bids and managing their LGPS Fund admissions can contact our specialist Public Sector Outsourcing colleagues:

Madalena Cain: [email protected]

Andrew Murton: [email protected]

Investment Services for LGPS Administering Authorities

Our Public Sector Investment Consultancy Team is part of one of the largest investment consulting teams in the UK and works closely with our other Public Sector specialists. The team provides a wide range of services to LGPS pension funds, their administering authorities, the asset pools in England and Wales and other public sector bodies.

Our expertise includes providing: asset/liability modelling advice and support, setting strategic benchmarks, fund manager research, monitoring, search and selection, economic modelling and advice on investment governance issues. We can also provide Medium Term Asset Allocation advice, and are able to discuss and introduce Aon’s award winning delegated investment services, should this be of interest.

Colin Cartwright

Contact Colin Cartwright at [email protected]