Services

Administration of Pension funds

International accounting

Assistance and support with determining actuarial assumptions, especially for the discount rate (defining duration)
Actuarial valuation of provisioning obligations of pension schemes and resulting company liabilities; expenses in the consolidated income statements corresponding to the service cost determined using the projected unit credit method as per IAS 19, IFRS for SME, IPSAS 25/39, US GAAP ACS 715 and the traditional unit credit method for pension schemes which fall under the interpretation of EITF 03-04 or FRS 17
Sensitivity analysis
Global actuary role: worldwide consolidation of pension plan liabilities

Pension funds consulting

Consulting in occupational benefits and business management of pension funds

Consultancy services for pension funds und companies developing flexible, appropriate and forward-looking pension scheme solutions, for example those planning to introduce a choice of components, including a range of different investment strategies

Legal services in connection with adaptations of existing regulations
Specific ongoing training for foundation board members and other involved persons
Proposing restructuring measures to remedy shortfalls in coverage [sounds good, but doesn’t reflect German]
Support in the handling of complex measurements for IV/AI, MV/AM, UV/LAA
Legal services and support in court cases involving decrees of divorce
Pre and post services for companies during mergers & acquisitions
Preparing annual financial statements in accordance with FER/RPC 26.
Risk analysis based on Monte Carlo simulations to determine necessary risk contributions and fluctuation reserves
Dynamic projections with Monte Carlo simulations to determine the development of the funding ratio over a period of 5 to 40 years. Developing sensitivity analysis to assess the influence of individual parameters such as the technical interest rate, conversion rate, etc. on the funding ration.
Long-term development of pension payments to determine maturities of liabilities (modified duration), and determining the impact of changes in interest rates on the funding ratio
Asset and liability management (ALM) studies
Profit and loss analysis of risks of death and disability
Analysis of demographic developments among actives and pensioners

Fulfilling the role of expert as per article 52e BVG/LPP

Periodic review of the fulfillment of the institution’s actuarial liabilities (article 52e paragraph 1 lit a BVG/LPP), highlighting optimization opportunities taking account of any restrictions that are in place
Checking the compliance of pension fund regulations with legal requirements, particularly in terms of the circle of insured persons, defined benefits and funding requirements (article 52e paragraph 1 lit. b BVG/LPP)
Recommendations relating to the technical interest rate and demographic situation (article 52e paragraph 2 lit. a BVG/LPP)
Assessments of whether reinsurance is necessary and the amount of reinsurance required, as well as advice on the best way to reinsure if the pension scheme covers one or more risks itself (article 67 BVG/LPP, article 43 BVV2)
Proposing measures to resolve underfunding (article 52e paragraph 2 lit. b BVG/LPP) and preparing reports on the efficiency of the agreed measures in case of a shortfall ( article 41a BVV2)

Administration of pension funds

Efficient administration of pension scheme solutions of all degrees of complexity by experts, well-connected employees with profound experience in different business environments
Looking after management mandates for our clients in German, French, Italian, English and other languages (including pension certificates, forms and overviews of benefits and contributions, individual correspondence and telephone services)
Flexible administration software which optimally reflects our clients’ challenging current and future plan requirements even in complex business environments eg variable client data requests and interface management challenges.
Producing specific analysis at short-notice to enable a quick response to client requests or the concerns of the foundation board or employer
Processing entries and departures, retirement, disability and death claims, pledges, withdrawals of benefits and divorce
Drawing up flexible, client-orientated pension certificates and overviews of benefits and contributions
Preparing financial statements in accordance with FER/RPC 26
Enhancing efficiency and relieving operational management and the foundation board of routine tasks