Precision, Flexibility, and Expert Guidance
Bulk Annuity Pricing & Quotation Support
We have a dedicated team in St Albans providing cashflows to help insurers value pensions for the BPA market
We have an experienced team of pension actuaries and technicians who have been servicing the BPA market for almost 20 years.
We are currently 12 people and growing, where over half have more than 25 years’ experience. We also have additional support from the wider Broadstone pensions and life network as needed.
We calculate monthly cashflows of Defined Benefit pension schemes mainly for insurers in the BPA market as part of their quotation process. We have currently worked on close to 800 projects for several top insurers.
How Broadstone can help
In addition to the monthly cashflows to help with pricing, our other services include:
- GMP equalisation cashflows
- Longevity swap cashflows
- Reconciliation work
- Surplus allocation calculations
- Hedging cashflows (IE01, PV01 and other variations as needed)
- True-up work
- Training courses
- Other ad-hoc work and support as required
Why Broadstone
Many of our team have been with us for over 10 years, which means a wealth of experience and an intimate knowledge of our processes. We are continually adjusting these to ensure they remain robust, accurate and cost effective.
We pride ourselves on our client centred approach and our ability to deliver at pace.
Pricing
We fix our prices for each project before starting on the work. They are dependent on the factors that have the most impact on the length of time taken to complete our work:
- Is the data provided in our standard format?
- Size of scheme
- Complexity of benefits
- Complexity of assumptions
- Number of runs required
The efficiency gains we can achieve due to our expertise and unique structure are significant, and we are therefore confident that our prices will be extremely competitive.
Training
We have been running training sessions for consultancies and insurance companies for many years. We have a range of courses targeted at different levels, but mainly to help new starters to get up and running as soon as possible. These cover topics including basic pension liability calculations, preservation of benefits, mortality and GMP equalisation.
The prices for our training courses will depend on their level, where they are held, and the number of attendees.
