Regulated by the Institute and Faculty of Actuaries in respect of a range of investment business activities.
Our experience, going back over more than 20 years, covers everything from performance measurement and manager selection to all aspects of insurance company buy-outs. However, we only give advice to Trustees (and companies) where such work forms part of the actuarial and other services we provide to them.
Our investment advice will always be tailored to your pension scheme, which means understanding the scheme’s cash flow profile, liabilities and risk issues, taking into account the company’s covenant and risk appetite.
We are completely independent and don’t take commission, so you can be assured that any advice is given in your best interests.
We have particular expertise in bulk buy-outs and buy-ins, maintaining a close relationship with the insurance companies in the market for small and medium sized pension schemes.
H&C Consulting Actuaries LLP is not authorised under the Financial Services and Markets Act 2000 but we are able in certain circumstances to offer a limited range of investment services
to clients because we are licensed by the Institute and Faculty of Actuaries. We can provide these investment services if they are an incidental part of the professional services we have been engaged to provide.
INVESTMENT MISMATCH – a major downturn in the sponsor’s trading position lead to a significant reduction in the sponsor covenant. The Trustee could no longer justify the risk of an aggressive investment policy which created a serious mismatch in volatile equity markets. Consideration was given to convertible bond and absolute return funds, and we implemented a more appropriate investment strategy.
INSURANCE CONTRACT – around 50% of the scheme’s assets were in an insured deferred annuity contract. No further bonuses were payable, and the return was less than that on gilts. The contract provided guaranteed annuity rates which enhanced the return to almost double gilt yields. The sponsor was moving towards administration and PPF assessment leading to
complications in long term investment strategy and the longer term security of members’ benefits. We investigated the annuity contract and guarantees and set up
a revised investment strategy with the agreement of the PPF.
Stabilising Growth – several of our clients have involved us in reviewing their investment strategy with the aim of reducing capital value volatility using absolute return funds and a process of “banking gains”.
We are a small dynamic team based in York. With clients throughout the UK and in Europe we are a friendly local company servicing a national client base. If you need a highly professional focussed Actuarial Consultancy call us – we can help.
We usually work on a time cost basis, but we’re happy to agree maximum fees in advance for major projects.
As our overheads are lower than those of the larger firms, we are able to maintain lower charge out rates. We tend to find that our rates are around 2/3rds of the larger consultancies.
Our client retention is impeccable and it’s something we’re extremely proud of. Some of our clients have been with us since inception and we consider them friends as well as clients.
Our friendly approach, reliable service and pragmatic ethos are just a few reasons why we maintain and prolong working relationships with clients.