Pensions

Pensions actuaries work with other specialists, such as pensions lawyers and administrators, to help different pension schemes meet the needs of trustees, employers and scheme members. As schemes will be affected by the investment market, and changing legislation and regulation, an actuary is on hand to provide specialist advice.

This could mean advising the scheme trustees and companies on scheme funding, investment, accounting for pensions, scheme design and managing risk. It may also mean advising on corporate transactions, where the pension scheme can fundamentally affect the outcome. Actuaries may also advise scheme members about complicated options arising from tax changes or the company’s pension arrangements.