Our experience in the field of employee benefit services means that we are fully focused on delivering effective solutions for pension plans.

Our actuarial consultancy clients include both corporate sponsors of pension plans and the trustees responsible for the ongoing governance and management of such plans. We also provide a full administration service for pension plan and clients who wish to outsource this role.

At BWCI we advise corporate sponsors on the best options for cost containment and mitigation of the risks associated with defined benefit pension plans. This includes advice on the harmonisation and rationalisation of existing pension plans and the benefit design of new pension plans.

Our wide experience means that we can compare existing or proposed benefit structures with those of similar organisations. We can advise on plan design and the most cost effective methods of providing such benefits. On an ongoing basis we can also provide the pension accounting disclosures for inclusion in corporate financial statements, including advice on the selection and impact of assumptions.

Trustees of pension plans require a different array of advisory services and, here too, we are able to offer focused solutions.

We advise trustees about the funding status of their plans and future funding requirements in order to ensure that the plan continues to meet its ongoing obligations. This includes regular actuarial valuations and interim updates as needed, and can include benefit reviews as required. We engage with trustees in selecting the actuarial assumptions needed and in quantifying the financial impact of varying them. Additionally, we can supply advice on the funding impact of alternative investment strategies and, with our investment consultants, can provide asset liability studies.

We can help with the establishment and design of defined contribution pension plans, including the selection of member fund options, and assist with the ongoing monitoring of fund performance.

Practical and accessible communication of all the information and options available to pension plan members is vital. Here, we can provide personal presentations, member booklets and internet access using our Pension-Net web-based interface. We can also help with trustee training, project management, compliance and governance.

We have an in depth knowledge of international pension plans for expatriate and third country national employees. We can advise clients on the design, establishment and management of such plans.