UK - Hewitt Bacon & Woodrow has been appointed by the government to act as scheme actuary and consultant for the Civil Service pension schemes.
Hewitt – which has already advised the Cabinet Office on voluntary contributions – will replace the Government Actuary Department.
The Civil Service pension schemes have 600,000 active members, 275,000 deferreds and 550,000 pensioners.
The appointment covers both the defined benefit and defined contribution schemes run by the Civil Service.
Advice on DB arrangements will be provided by a team based in Hewitt’s Epsom office with support from the public sector teams in Bristol and St Albans.
Hewitt managing director, Richard Moore, said: “The sheer scale of the schemes present a challenge and it is a tribute to our strength of understanding of the public sector that the Cabinet Office has selected us to take on this major role.”
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