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This is a great project-based role for a pensions actuary (or equivalent) to help a wide range of clients get ready for buy-out. These projects can cover anything associated with achieving readiness for buy-out, e.g. GMP equalisation; ill-health retirement rectification; Barber calculation rectification; data readiness etc. Clients are typically trustees, insurers or administrators.
Job Responsibility:
Sell and oversee the delivery of benefit rectification exercises for trustees
Sell and oversee the delivery of GMP equalisation exercises for trustees
Sell and oversee the delivery of surge support team for capacity crunches within insurers and administrators
Help a wide range of clients get ready for buy-out
Requirements:
Pensions actuary or equivalent
Knowledgeable about benefit rectification exercises, GMP equalisation exercises, and surge support
Confident presenting to trustees
Understand the risks and challenges of delivering such a project
Experience of implementing the recommended methodology, rather than just setting the methodology from an actuarial perspective for somebody else to implement