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2nd March 2015

CARTWRIGHT GROUP SHORTLISTED IN TWO CATEGORIES FOR THE PROFESSIONAL PENSIONS UK PENSIONS AWARDS 2015

We are delighted to announce that Cartwright Group has been shortlisted in two categories for the Professional Pensions UK Pension Awards 2015. The categories in which we have been shortlisted are 'Pensions Consultancy of the Year' and 'Third Party Pensions Administrator of the Year'

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4th Febuary 2015

LOW GILT YIELDS LIKELY TO BOOST PENSION TRANSFER ACTIVITY SIGNIFICANTLY SAYS CARTWRIGHT

With long term gilt yields at recent all-time lows, a hike in scheme members taking transfers from DB Schemes in order to take advantage of the new freedoms from April 2015 is expected, according to actuarial firm Cartwright.

Robert Sweet, Director of Actuarial Services at Cartwright says: “scheme members may consider that it is now a particularly good time to weigh up whether a transfer is a sensible option for them, given that the low yield environment can potentially significantly increase the transfer value they have been offered.”

Each 0.1% drop in the 15 year gilt yield will add around 3% on a typical transfer value for a 50 year old. An individual with a deferred pension of £7,000 per annum payable at age 60 might currently expect a transfer value in excess of £160,000 and will have seen an increase in his transfer value of more than 40% in the last 12 months, during which time 15 year gilt yields have fallen from 3.2% p.a. to 1.8% p.a..

However, Robert Sweet cautions that trustees need to:

• determine whether the assets of their schemes are sufficient to cover higher transfer values
• decide whether they might need to be scaled back to reflect any potential shortfall, and
• ensure that communication with members ahead of April is properly thought through.

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9th December 2014

CARTWRIGHT GROUP SHORTLISTED IN TWO CATEGORIES FOR PENSIONS AGE AWARDS 2015

We are delighted to announce that Cartwright Group has been shortlisted in two categories for the Pensions age Awards 2015. The categories in which we have been shortlisted are 'Pensions Consultancy of the Year' and 'Pensions Administrator of the Year'

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3rd November 2014

STATE-OF-THE-ART ASSET LIABLITY MANAGEMENT CAPABLITY PUTS CARTWRGHT GROUP AHEAD OF THE CURVE

Specialist actuarial, pensions and benefit consultancy firm, Cartwright Group, has signed an agreement to license the Asset Liability Management (ALM) software tool developed by Ortec Finance, a leading global provider of technology solutions and services to the pensions industry.

The move further strengthens Cartwright Group’s investment consulting proposition, and is central to its long term growth strategy.

Key to working with Ortec Finance was the pedigree of its ALM solution, according to Ashlin Noonan, Investment Consultant at Cartwright Group.

“It’s a top of the range system, and means our clients, from the largest to the smallest, get best in class” explains Ms. Noonan.

Commenting on the benefits to Cartwright Group’s clients, Maurits van Joolingen, Client Services Manager at Ortec Finance says.

“Our ALM solution has been developed with pension schemes in mind from the outset. So it is completely focused on those specific goals and objectives, including meeting current integrated risk management requirements.”

Van Joolingen explains that the starting point for Ortec Finance’s ALM tool is to analyse a scheme’s exposure to risk. It then looks at how those risks can be managed in the most efficient way.

“It gives the ability to test the robustness of decisions across the whole risk spectrum of investment scenarios so that the most appropriate policy can be set,” adds van Joolingen.

As well as high-quality economic scenarios based on more than 400 variables, including all major regions in the world, the Ortec Finance ALM system provides consistent modelling of assets and liabilities, including the simulation of future consequences in terms of relevant objectives and risk factors.

Such focused capabilities will allow Cartwright to help clients address the requirements of the Pensions Regulator’s new Code of Practice for Defined Benefit (DB) schemes, which places increased importance on integrated risk management when developing a scheme funding solution, says Ms. Noonan.

“Clients are now sitting up and taking notice of the new code and asking themselves whether they are compliant and could they be doing more to ensure they are. So increasingly, they need a firm that can provide the full range of investment consultancy services and the level of expertise to match.

“The new ALM solution gives us more detailed modelling capacity to analyse current investment positions as well as the level of risk the client is carrying. This allows us draw up a strategy to get the right balance between reducing the level of risk and the investment return the client needs to achieve in order to fulfill pension scheme obligations,” she adds.

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1st October 2014

CARTWRIGHT GROUP ADOPTS PROCENTIA ADMIN SYSTEM

New administration system at heart of Cartwright Group’s growth strategy

Actuaries and consultants, Cartwright Group, has selected Procentia’s Intellipen platform as its new pension administration system. The decision to go with pension software provider Procentia over other platforms came down to quality and flexibility, according to Tony Thornton, Director of Pensions Administration at Cartwright Group.

“As a pensions administration provider we live by the accuracy, speed and quality of service we deliver to our clients. We want to build on our current high standards and Procentia’s Intellipen platform allows us to do that. At the same time, the new platform is flexible enough to accommodate our future administration requirements brought about by changes to the pension landscape,” he explains.

Commenting on the appointment, Procentia’s CEO, Steven Donkin said: “We are delighted that Cartwright Group has chosen Intellipen as its new platform. I firmly believe we have a role to play in underpinning their growth plans with a strong and robust pension administration platform that has the capacity to grow alongside them.”

Procentia’s Intellipen platform is a modern browser-based platform which has a suite of tools enabling full integration across accounting and payroll service modules. It also provides for administrator view access and has an interactive member portal.

These enhancements will enable Cartwright’s clients to access real-time membership and financial information in relation to their pension arrangements, allowing for regular and ongoing monitoring through a simple, intuitive yet powerful online portal.

Following the appointment, Cartwright will migrate all existing clients onto the system. There are advanced project management plans in place and the migration will occur in a phased manner to minimise disruption.

We see this as an important and exciting development for our business, which will enable us to build on our existing high quality service and attract further clients, explains Mark Williams, Cartwright Group’s newly appointed Commercial Director.

Cartwright Group is building its presence and service proposition having acquired the trust-based pensions business of Gallagher Benefits Consulting in 2013. It has also made recent senior appointments as part of its growth strategy. .

The firm provides a range of services to over 200 defined benefit (DB) and defined contribution (DC) schemes.

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30th September 2014

CARTWRIGHT GROUP EXPANDS WITH TWO SENIOR APPOINTMENTS

Cartwright Group has announced the appointment of Mark Williams as Commercial Director and Ashlin Noonan as Investment Consultant. These are two pivotal appointments for the firm which is strengthening its presence in the pension actuarial, consultancy and administration market.

Mark joins Cartwright Group from Capita Employee Benefits and in this newly created role he will be responsible for all areas of business development and marketing including the Group’s strategy for growth.
Ashlin is a qualified actuary with over 12 years of investment consulting and pensions experience. She has previously worked with Novare Actuaries and Consultants in Cape Town as Head of Asset Liability Modelling and Strategy Formulation; at Watson Wyatt where she was Investment Consultant, and at KPMG as Actuarial Analyst. Ashlin will develop Cartwright Group’s expanding range of bespoke investment consultancy services with particular focus on integrated risk management for existing and new clients.
Commenting on the latest appointments, Cartwright Group Chairman and Managing Director, Ian Cartwright said:
“Ashlin and Mark will inject added knowledge and momentum to the delivery of specialist guidance and services to our existing and prospective clients. Our clients will benefit from the latest thinking to help them plan and manage their funding and investment strategies.
“As schemes continue to shrink or close it has never before been as important as it is now for the trustees and sponsors, particularly of small to medium sized schemes, to be able to access expert, cost-effective advice.”

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