Corporate defined benefit
Corporate sponsors within the defined benefit pensions market have a lot to think about. Our clear, simple and straightforward advice helps sponsors navigate a complex environment and achieve better outcomes.
Contact the team
Why Hymans?
Whether it's investment, risk transfer or strategic funding advice, we develop and implement commercial pensions strategies to manage the risks associated with defined benefit (DB) pension arrangements.
As well as advising corporate sponsors, we work with many DB trustee clients. That means we understand where pension scheme trustees are coming from and know how to work with them to meet your objectives.
40 +
corporate clients
30 +
consultants
50 £bn+
of assets
Our services
We are well placed to offer corporate sponsors a “one-stop-shop” of services in relation to defined benefit pension arrangements, for example:
With a dynamic risk transfer market and new provider solutions, endgame planning is complex. Our Excellence in Endgames hub cuts through the complexity and helps you navigate this diverse landscape, putting member outcomes first.
Our experienced team provide both ongoing strategic support and support throughout the triennial valuation process.
Our highly experienced risk transfer team can lead transactions, or work with a corporate sponsor on trustee-driven transactions to focus on company objectives.
Our commercial consolidation market expertise helps clients understand how this option can help meet their objectives.
A specialist wind-up team provides corporate oversight to support you through the wind-up process.
Our experienced team provide investment strategy consulting, including advice, objective setting and performance and risk monitoring.
We offer corporate transaction support relating to pension arrangements, including a dedicated team for due diligence.
We provide advice on pensions disclosures for corporate accounting. Our specialist team have strong relationships with the big four auditors and can support on assumptions, calculating accounting figures and reporting, as well as liaising with auditors.
We provide guidance on strategic pension design, including advising on collective defined contribution (CDC) schemes and possible new forms of DB provision.
Our experienced project management team can provide one-off project support for projects including:
- benefit change projects
- member options exercises
The world of pensions regulation is ever-changing. With requirements from the Pension Schemes Act 2021, a new DB Funding Code, Pensions Dashboards and the General Code of Practice, there is a lot to keep up with. We help filter the noise, so you’re up-to-date on what’s important to your arrangements and focused on how to manage new risks.
Corporate governance and what this means for the dynamic between the business and defined benefit pension arrangements, including the interactions with Pension Scheme Act 2021.
We filter the noise to keep you up to date on what is relevant to your pension arrangements and how to manage the associated risks.
Meet our team
Andrew Udale-Smith
Partner
Leonard Bowman
Partner and Head of Corporate Consulting
Sachin Patel
Head of Corporate DB Endgame Strategy
James Mullins
Partner and Risk Transfer Specialist
Ross Fleming
Co-Head of Private Sector DB Investment
Nicola Pym
Head of Corporate Pensions Accounting
Awards and accreditations
Related insights
Event
Creating a legacy: your role in building better pensions for all
We’re excited to announce our Pensions and Retirement Conference on Thursday 27 March 2025 at King’s Place, London.
Event
Insurance & Financial Services Scotland Conference
We’re delighted to invite you to our Insurance and Financial Services Scotland Conference, taking place at The Caledonian in Edinburgh on Thursday, 13 March 2025.
Webinar
What are trustee duties when considering run-on vs buy-out?
Join us on the 15 January for another webinar in our Excellence in Endgames series. This webinar will focus on the importance of trustee responsibility when considering run-on vs buy out.
Webinar
Understanding your data whatever your strategy
Join us on the 10 January for our excellence in Endgames webinar on understanding your data whatever your strategy.
Explore trending insights topics
Related services
Explore our corporate defined benefit services. Select 'view more' to see our full range of corporate services.
Pensions accounting
Sometimes capital market volatility and fluctuations are unavoidable for companies sponsoring DB schemes.
DB actuarial services
Our integrated, risk-based actuarial approach adds value and creates more certain outcomes for trustees, sponsoring employers and scheme members.
DB pensions administration
We deliver high-quality member and client service solutions for defined benefit, hybrid and career average related earnings schemes.
DB member options
The concept of retirement is changing and members are now more engaged in deciding how, and when, to access their valuable defined benefits.
DB governance
Trustees are under increasing pressure to meet regulatory demands as governance standards for UK pension schemes evolve.
Buy-out and wind-up transition services
For many defined benefit pension schemes, the end of the journey is in sight. The next milestone is to secure member benefits and wind-up the scheme.
