Barnett Waddingham partners with CIPFA on local pension board members support and training

05-08-2015

Barnett Waddingham, the UK’s leading independent firm of actuaries and consultants and The Chartered Institute of Public Finance & Accountancy (CIPFA) have today announced that they have partnered to provide support and training for local pension board members.

The partnership follows the introduction of new governance arrangements for public sector pension schemes which mean that as of 1 April 2015, local pension boards must be set up and that their members must, by law, have and maintain knowledge and understanding in prescribed areas.

CIPFA and Barnett Waddingham now offer bespoke assessment, training, support and monitoring programmes for Local Government Pension Scheme (“LGPS”) and other public sector local pension boards and their members which are built around the new requirements and the specific requirements of each local pension board.

Barnett Waddingham have also recently contributed to CIPFA’s technical knowledge and skills framework document for local pension boards. 

Graeme Muir, partner and head of public sector consulting at Barnett Waddingham said: “I’m delighted to announce our partnership with CIPFA. The Knowledge & Skills framework will be an invaluable tool for all local pension boards, while our joint training initiative will help pension boards achieve the standards set down within the framework.”

Nigel Keogh, pensions technical manager at CIPFA said: “A high level of knowledge and skills, maintained and monitored over the term of office of a local pension board member, is key to the success of this important new facet of LGPS governance. We are delighted to be working with Barnett Waddingham in supporting LGPS funds to meet this key objective.”

ENDS

View a full copy of the report. 

For further information please contact:

Andrew Adam, PR Manager, Barnett Waddingham, T: 020 7776 2235, E: Andrew.adam@barnett-waddingham.co.uk.

Notes to editors

About Barnett Waddingham

Barnett Waddingham LLP is the UK’s largest independent provider of actuarial, pensions administration and consultancy services. The firm works with employers,, pension funds and individuals in both the private and public sector, offering clear advice and a full range of professional advice including trustee consulting, employer pensions advice, pension scheme management and administration, investment strategy, public sector pensions, risk benefits, life and general insurance consulting as well as the provision of SIPPs, SSASs and specialist executive pension plans’. 

The firm has grown steadily since its inception in 1989.  There are currently 64 partners and over 660 staff, based in 7 locations around the UK (Amersham, Bromsgrove, Cheltenham, Glasgow, Leeds, Liverpool and London). Barnett Waddingham is also the UK representative of NORACS (North American Actuarial and Consulting Services) and EURACS (European Actuarial Consulting Services).