LGPS – Hertfordshire County Council Pension Fund publishes on its website:
Barnett Waddingham (BW) has been appointed to deliver actuarial, benefits and governance and fund risk consultancy services to the Hertfordshire Pension Fund.
BW, a leading independent professional services consultancy, has secured a contract for up to ten years with the fund, which is operated by Hertfordshire County Council.
The Hertfordshire Pension Fund has over 500 participating employers, resulting in over 130,000 members and an asset value of over £6 billion. BW’s Public Sector Team, which supports and advises around 25% of LGPS funds across the UK, was chosen following a competitive selection and tendering process.
Patrick Towey, Head of the Hertfordshire Pension Fund, said “We are delighted to be working with Barnett Waddingham and look forward to building a strong, working relationship with Barry, Chris and their team over the years. Barnett Waddingham’s appointment comes at the end of an extensive procurement process, and I would like to thank my team for their hard work to support the Fund in making this key appointment.”
Barnett Waddingham Partner and Fund Actuary, Barry McKay, said: “We are delighted to have been appointed by the Hertfordshire Pension Fund and are very much looking forward to working with them. I have personally worked with Hertfordshire previously for around 12 years, and I’m excited to recommence our relationship.”
“Hertfordshire Pension Fund is a leading fund, providing a high-quality service to its stakeholders because of its strong governance and partnerships. BW are committed to working collaboratively with our clients to deliver an excellent, cost-effective service. Our cultures are therefore very much aligned, and Hertfordshire Pension Fund can be certain that we will deliver on this commitment.”
In addition to LGPS funds, Barnett Waddingham also provides services to Police Authorities, Fire and Rescue Services, NHS Trust Funds and various employers who participate in public sector schemes, such as the Principal Civil Service Scheme.
BW advises on risk, pensions, investment, insurance, and employee benefit services. The consultancy acts as a trusted partner for a wide range of clients in both the private and public sectors – this includes 25% of FTSE 100 and over 15% of FTSE 350 companies.
BW is free from any external stakeholders, allowing it to take a long-term view with all clients and the freedom to bring fresh ideas to the table.
Further communications regarding the transition will be shared with employers in the coming months. In the meantime, services will continue to be delivered by our current provider Hymans Robertson LLP.
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