Managing the GMP equalisation journey
In this short video Laura McMillan and Linda Jardine share their top tips on managing the GMP equalisation journey.
Project and implementation management
Where do you start with large scale transformational change? When there are lots of moving parts to consider, it’s time to call on the experts.
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Why Hymans?
We deliver success – every time.
Since 2005, our specialist project management team has successfully delivered over 600 projects for trustee and corporate clients.
With industry recognised qualifications, we’re not just experts in project management. We’re strategic consultants with a wealth of pensions experience and knowledge, helping you deliver projects in the most efficient way.
600 +
Projects delivered successfully
50 +
Years' industry-wide project management experience
11 +
Strong team
How we help
How do you make sure a project will meet its strategic objective(s) and finish on time, within scope and budget?
In today’s pensions landscape, change projects are more important than ever. Our dedicated project management team work independently, which means we can provide robust challenge to external third-party providers as well as our own consultants, helping everyone deliver as promised.
We follow a tried and tested PRINCE2 methodology, working collaboratively to create action plans that transform objectives into reality. Your consultant will become the central point for all information, providing full visibility of all moving parts. This means they can assess the impact of changes, flag issues and escalate when needed. Your time can then focus on decision-making (and the day job!), leaving project management in a pair of safe, effective hands.
Our consultants are highly experienced in all elements of strategic set-up and planning across a wide variety of projects. We work with you to set up robust governance, including defining objectives, identifying workstreams, setting timelines and analysing risk.
Then we create a plan on a page: a high-level snapshot of your project. This is a powerful reporting tool, helping everyone understand the objectives and process, timelines and complexity. Supporting documentation like project plans, action logs and risk registers are created and shared regularly for full transparency and proactive management.
We work with clients from a variety of industries. Our consultants span actuarial private, defined contribution consulting, insurance and financial services and third-party administration.
We manage a wide range of projects, including guaranteed minimum pension equalisation, scheme mergers, scheme closure, data rectification, master trust implementation, credit risk modelling, longevity mortality support and more.
Every scheme is unique, so a one-price-fits-all solution doesn’t work.
Our pricing model offers different options based on your requirements, creating a consistent, realistic and competitive approach to pricing:
Strategic: For large projects requiring full project management support, typically working with FTSE 100/250/350.
Comprehensive: Fixed budgets for projects that need dedicated project managers, possibly working with in-house resources.
Core: For limited budgets, using project co-ordinators to enhance existing monitoring and control resources.
As we always say, don’t try to eat the elephant – let us help you break it down into bite-sized chunks!
Hymans provided an excellent team of actuarial; project management and specialist professionals to help us manage a complex change programme. They fully contributed to both the strategy and detailed execution of the project, integrating well within the culture and team dynamics.
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