BAE Systems adviser review

Bath Actuarial manages largest scheme actuary review in recent years

Bath Actuarial Consulting was delighted to be chosen by BAE Systems to support the trustees of its UK pension schemes in the process of appointing a single scheme actuary firm across the schemes.

Nigel Tinsley, BAE Systems Pensions Director, commented “We felt that, for such a complex scheme actuary review, we would benefit from the independent and experienced view which Bath Actuarial could bring to the project. We were very pleased with the support they provided, with how smoothly the process went and, of course, with the end result, which was Hymans Robertson being appointed across all of our schemes.”

Leonard Bowman, Director of Bath Actuarial explained “Adviser review projects can often take up far too much of the in-house pension team’s time, which is why external support and the efficient use of technology can make a real difference. Our aim in helping to manage the tender process was to keep the disruption to BAE Systems day-to-day pension operations to the absolute minimum.”

For further information and expert comment, please contact Leonard Bowman.