Most of the work our actuarial consulting team does relates to defined benefit final salary pension schemes.  

Our consultancy teams provide a full range of actuarial services from operational to strategic level and provide tailored services to scheme trustees, across all our nine offices, with fund sizes ranging from £1 million to over £5 billion. 

Depending on your level of experience, you might find yourself involved with the following:  

• Providing advice on scheme funding 
• Longevity modelling and advice 
• De-risking schemes 
• Calculating individual transfer values, benefit adjustment and augmentations 
• Acting as expert witness 
• Undertaking Pension Protection Fund assessment 
• Providing technical work for insurers, consolidators and companies. 

Recruitment opportunities from graduate level participating in our formal graduate programme right up to senior leadership. 

Our actuarial professionals operate out of all our offices. 

Qualifications supported

Institute and Faculty of Actuaries (IFoA), Chartered Enterprise Risk Actuary, Chartered Financial Analyst (CFA).

Our large and diverse employer consulting team provide expertise across a wide range of functions: 

• Defined Benefit pension consulting - We provide advice to companies who are responsible for funding defined benefit (“final salary”) pension schemes so that members receive their benefits. Our advice helps companies to balance the pension scheme costs and risks with running a sustainable, growing and profitable business. We look to help the company find solutions that work all stakeholders (trustees, members, shareholders/owns, employees and regulators).  We work closely with colleagues in our Investment Consulting and Actuarial Consulting departments as well as more widely within Employer Consulting.

• Defined Contribution pension service - We provide support to employers and trustee boards. Our work covers more than two million members and over £8 billion of assets. We work collaboratively with our clients to understand their pension scheme, circumstances, and objectives, and provide advice and consultancy services to identify the most appropriate solution. At the heart of our work is our ‘ACDC’ (analyse, consult, deliver, check) approach, providing data analytics, technical and market knowledge to consult and deliver tailored solutions to the needs of our clients. Within the DC team, our work ranges from scheme design and provider selection to investment consultancy and at retirement solutions.

• Benefits consultancy - Our specialist teams have a common goal to deliver first class technology and consultancy services for the benefit of our clients. We have a wide range of roles within the team from client facing consultants to Business Analysts and Project Managers and the different skill sets and process of thought means we provide services using analytics, consultancy through to delivery and technology. Our Benefit consultants work with our clients to deliver strategic reward and benefits advice covering risk and health, wellbeing, flexible benefits and pay gap consultancy.

• Drumroll - Barnett Waddingham’s award winning creative agency, was ‘born’ in 2017 out of the need for a fresh approach to the way employers communicate and engage their workforce. For us, that approach is to provide refreshingly straightforward communications which are accessible to all. We work with human resources and communication teams to identify different employee groups and identify the optimum communication tools and methods by tailoring communication strategies that help employees with all aspects of their benefits, focusing on pensions, health and wealth in the workplace. The team is passionate about turning complicated jargon into engaging content, with the recipient always at the forefront of our focus. We work in partnership with our clients to understand their people’s needs and design and deliver engagement strategies to meet those requirements.

Recruitment opportunities exist from graduate through to senior leadership and consultancy level. 

The employer consulting team operate out of all our offices. 

Qualifications supported

Depending on the role and which part of our Employer Consulting you are in, the following qualifications are supported:

Institute and Faculty of Actuaries, Chartered Financial Planner, Chartered Enterprise Risk Actuary, Chartered Insurance Institute (Certificate in Insurance, Certificate in Financial Services, Dip Insurance, Dip Financial Planning Advanced Diploma), PRINCE2, Institute of Risk Management, Risk Management or Operational Resilience.

We tailor our investment advice to each unique client, placing strategy and risk at the core. We provide comprehensive and innovative client focused investment consultancy services to institutional investors including defined benefit and defined contribution pension funds, corporate, charities, endowments and family offices. 

Depending on your level of your experience, you might find yourself involved with or leading: 

• Strategic investment advice to institutional investors 
• Providing advice on setting investment strategy 
• Undertaking risk assessments and risk management 
• Undertaking research on investment managers, providing advice on manager structures and selecting the most appropriate managers 
• Setting benchmarks and performance targets 
• Providing ongoing monitoring and reporting 
• Advising on sustainable investment and Environmental and Social Governance 
• Investment governance reviews

Recruitment opportunities from graduate level participating in our formal graduate programme right up to senior leadership. 

Our investment professionals operate out of most of our nine offices.

Qualifications supported

Institute and Faculty of Actuaries, Chartered Financial Analyst.

We provide actuarial and risk management consultancy for both life and general insurers as well as expert consultancy services on modelling mortality and longevity risk.  We have an unrivalled depth of knowledge in this field. 

Depending on your level of experience, you might find yourself involved within the following: 

• Producing actuarial valuations 
• Capital modelling and validation 
• Risk management 
• Investment strategy 
• Mergers and acquisitions support 
• Secretariat services for the Continuous Mortality Investigation (CMI) – a wholly owned organisation of the IFoA 
• Insurer and pension scheme mortality analysis and modelling 

Recruitment opportunities from graduate level participating in our formal graduate programme right up to senior leadership. 

Our insurance consulting professionals mainly operate out of our London office. 

Qualifications supported

Institute and Faculty of Actuaries (IFoA).

Barnett Waddingham’s management consulting combines risk advisory and management decision analytics.

We believe how you manage risk to your organisation isn’t just about avoiding disruption – it’s often the driving force behind its growth. Therefore, we help our clients create opportunities for risk and reward as well as mitigating threats. 

Our award winning team works with clients to generate better-informed decisions on risk that lead to improved business outcomes, whether it relates to your people, finance, business continuity and crisis planning, enterprise risk management, Economic, Social, Governance (ESG), scenario planning, communications, or all these and more.

Our expertise brings together risk, data analytics and engagement to provide a range of sophisticated services, from the use of risk management tools and AI to inform our data analysis, to embedding our experts into your teams to help engage employees and ensure the resilience of your business in the years ahead.

Recruitment opportunities exist from graduate through to senior consultancy levels. 

The management consulting team operate out of all our offices.

Further information about Risk Advisory and Analytics
Further information about Management Decision Analytics

Qualifications supported

Depending on the role you are in, the following qualifications are supported:

Institute of Risk Management, Chartered Governance Institute, Business Continuity Institute, Chartered Management Institute (professional consulting) and Data science and analytics and other relevant qualifications will be considered.

A team of creative experts in the management of pension schemes providing a market leading service in all aspects of strategic advice, operational support, business as usual activities and project management services, tailored specifically to the individual needs of our clients. We take a collaborative and practical approach, priding ourselves on communicating clearly and effectively to deliver the best outcomes.
 
Our quality, strength and integrity is defined through our exceptional people (from pensions manager, operational, actuarial and consulting backgrounds), and our working relationships. We can deliver the right resource to suit our clients’ specific needs. 

Services we provide:

• Scheme Governance and trustee secretarial services
• Training and study support for trustees and in-house personnel
• Specialist roles including interim pensions managers and expert witness work
• Expert support for trustees and in-house personnel on specific and individual tasks
• Bespoke one off projects e.g. GMP Project Management, data analysis, support with the implementation of legislative/regulatory changes

Qualifications supported
Pensions Management Institute qualifications, project management and other relevant specialist qualifications.

We recruit at all levels of experience from entry-level to senior consultant.

Our Pensions Executive and Management Services team operate out of all our offices.

Qualifications supported

Pensions Management Institute (PMI) qualifications, project management and other relevant specialist qualifications.

Our public sector team provide actuarial, benefits and governance consultancy services for the Local Government Pension Scheme (LGPS) plus services to public sector schemes including police authorities, fire and rescue and NHS trust funds. 

As well as providing actuarial services, we provide consultancy and support services for benefits administration and governance services. 

Depending on your level of experience, responsibilities might include: 

• Providing advice to local government pension funds and other public service pension schemes 
• Providing advice on scheme funding and accounting numbers 
• Contributing input into benefit design and scheme amendments 
• Attending meetings and providing general consulting expertise 
• Scheme governance and training
• Developing systems and software solutions for local government pension schemes

Recruitment opportunities at all levels including graduate to senior leadership.  

Our public sector consulting team mainly operate out of our London, Glasgow and Cheltenham offices. 

Qualifications supported

Institute and Faculty of Actuaries (IFoA).