LGPS actuarial consulting

We help Local Government Pension Scheme funds manage risks, while meeting their long-term funding and investment objectives.

Contact the team

Why Hymans?

We understand the challenges you face. We’re here to help you deliver better outcomes for your fund and your employers.

Our team is one of the largest and most experienced Local Government Pension Scheme (LGPS) actuarial practices in the UK. That means we can customise our services to the needs of the LGPS and other public service pension schemes.

100 +

Years' experience

20 +

Dedicated LGPS actuaries

50 %+

Actuarial advisor to over 50% of the LGPS

Innovative digital solutions

Our advice is underpinned by innovative technology and digital expertise. To help funds adapt to an ever-more digital world, we have a dedicated team including data scientists, modellers, technical architects, developers and UX designers, all focused on creating transformative solutions for the LGPS.

Our approach means harnessing the latest technologies and agile delivery. Powered by the latest cloud technology, our best-in-class tools and solutions are continually updated to keep up with the latest digital developments.

Examples include:

This self-service online solution accesses real-time funding and risk analytics at fund and employer level. Funding Risk Monitor (FRM) is built for LGPS funds, creating greater stakeholder engagement and improved risk management.

If you would like to learn more about our innovative digital solutions, please don’t hesitate to get in touch.

A unique solution built specifically for the LGPS. Hymans Robertson Employer Asset Tracker (HEAT), was developed in partnership with two LGPS funds to track employer assets monthly and make valuations more accurate and transparent. HEAT also allows efficient, robust operation of multiple investment strategies within the same LGPS fund.

Our services include:

formal and interim funding valuations
asset liability modelling using risk-based likelihood techniques
FRS102 and IAS19 accounting disclosures
new and ceasing employer calculations
contractor risk assessment
employer risk profiling
bulk transfer advice
demographic analysis
cashflow modelling
data cleansing
other risk management e.g. employer exit strategies and bond calculations
training

Making clients' lives easier

We deliver excellent outcomes for LGPS funds and employers by combining the best technical advice with the widest experience and largest advisory team. Together with our clients, we get the job done and build better futures.

Change in the LGPS is constant, driven by the financial, demographic and political environment. Our thought leadership, deep understanding of the detail and partnership approach has helped our clients manage change confidently since 1921.

We help clients provide the best service to their employers and members by bringing new solutions. Always ahead of the curve, our clients are first to benefit from the new approaches that will become best practice.