Hymans Robertson is one of the UK's leading actuarial, pensions, investment and benefit consultancies, employing over 750 staff in four UK offices; London, Glasgow, Edinburgh and Birmingham. It operates as an independent partnership and provides independent pensions, investment and life consultancy services, as well as data and technology solutions. Its clients include some of the UK's leading names and largest pension schemes, while our continued growth and success has been recognised by numerous industry awards.
FTSE 350 defined benefit (DB) schemes are "bunching" around an average discount rate of 2.8% due to higher yields and a tougher stance from auditors, Hymans Robertson research finds.
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
Local Government Pension Scheme (LGPS) funds must set investment objectives after the competition watchdog expanded those caught by its market investigation, but more clarity is needed, Hymans Robertson has said.
Many master trust boards lack diversity, yet the ultimate goal should be to achieve cognitive inclusion to represent a large cohort of DC members, writes Kim Kaveh.
Here they are - the winners of the UK Pensions Awards 2019...
The Marks and Spencer Pension Scheme has completed buy-in deals worth £1.4bn with two insurers, mirroring similar transactions last year.
Pensions and risk consultancy Hymans Robertson has appointed two equity partners and five partners from across the firm.
Just under two-thirds of trustees have taken action to prepare for the impact of any Brexit outcome on their sponsor covenant and investments, Hymans Robertson research finds.
Initial responses to the government's consultation on DC investment innovation reveals a mixed views on a range of its proposals. Kim Kaveh reports.
Targets for retirement income can help individuals improve outcomes for retirement. Paul Waters looks at how such an approach can work
Three in five trustees have not heard of Clara Pensions, one of two defined benefit (DB) consolidators to have launched since last year's government white paper.
Mercer Master Trust has sent off its authorisation application to The Pensions Regulator (TPR) taking the total number of submissions received and awaiting response to 12.
Insurance companies offering buy-ins and buyouts prefer pension schemes which adopt the D2 method of equalising guaranteed minimum pensions (GMPs), Hymans Robertson has found.
Professional trustees will be expected to apply for accreditation in the near future as a regulator-backed working group has published a set of seven standards against which they will need to demonstrate compliance.
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
The government is encouraging schemes to invest in illiquid assets with higher performance fees. Kim Kaveh asks if this is a good idea.
Lemonade has launched a retirement service in a bid to help trustees and employers guide defined benefit (DB) members through their options.
The industry has welcomed the Department for Work and Pensions' (DWP) feasibility report into the pensions dashboard as a move towards improving member outcomes.
Nine in 10 FTSE 350 defined benefit (DB) pension schemes could pay off their IAS19 deficit with less than six months of earnings, according to Hymans Robertson.
Jonathan Stapleton says now the DWP has given the project the green light to proceed, it is now up to the industry to make sure it happens.
Two consultancies have reported decreases in defined benefit (DB) transfer quotation requests in Q3, and said guaranteed minimum pension (GMP) equalisation could impact transfer activity.
The pension insurance market could be set for another record-breaking next year as schemes are already "in the queue" for deals at the start of next year, says Hymans Robertson.
Defined benefit (DB) consolidator Clara has named its four inaugural providers for legal, actuarial and secretariat advice.
The industry has broadly welcomed the Department for Work and Pensions' consultation on collective defined contribution (CDC) as a move towards improving retirement outcomes.