Under the arrangement, Goddard Perry will deliver a ‘straight through’ service, which uses technology to automate the process as much as possible. This underpins Goddard Perry’s track record of maximising technology usage to deliver an integrated service, freeing trustees and scheme managers up to focus on higher value work while eliminating the errors that can often be a feature of manual data input. The service also provides trustees with up-to-the minute funding and buyout positions and Goddard Perry’s finance director clients can see the pension impact on their corporate balance sheets in advance of the year-end.
David Pettitt, Managing Director of Goddard Perry Actuarial said: “We are delighted to have been appointed as actuaries and administrators to the two defined benefit schemes that Smith & Williamson operates. Over the past few years we have invested heavily in technology which provides trustees and sponsoring employers with information in real time. The opportunity to access the asset-liability position on a daily basis was one of the main reasons for our hire.”
Pensions Manager for the scheme, Mohsin Harhara of Smith & Williamson, said: “We were impressed by Goddard Perry’s clear commitment to quality and continuing investment in technology to provide a really leading edge service.”
The schemes have 150 members and over £35 m in assets and is the fourth new business win for Goddard Perry over the past 12 months.
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