Actuarial Valuation Services in the UK
An actuarial valuation helps trustees, employers and pension scheme sponsors understand the financial position of a defined benefit pension scheme. Finsoul Network UK provides actuarial valuation services to help clients assess pension liabilities, funding requirements and the financial steps needed to support long-term scheme objectives.
Our approach links the valuation results to the financial and funding decisions that follow. We assess the scheme’s assets, liabilities, assumptions and funding position, then provide clear actuarial analysis that can support funding discussions, recovery planning and wider pension decisions.
Value of Actuarial Valuation Services for Businesses in the UK
A pension deficit or changing funding position can affect an employer’s cash flow, financial planning and long-term obligations. A professional actuarial valuation helps trustees and employers assess the scheme’s funding position and determine the contributions needed to support its funding objectives.
The current UK DB funding regime places greater emphasis on long-term planning and the relationship between funding, investment and the employer covenant. TPR expects trustees and employers to work closely with advisers when completing valuations and developing their funding and investment strategy.
TPR Funding Requirements for UK Pension Schemes
UK defined benefit schemes must meet specific funding and governance requirements, with the current regime applying to valuations with effective dates on or after 22 September 2024.
Actuarial Valuation
Trustees must obtain a valuation to assess the scheme’s funding position and technical provisions.
Funding and Investment Strategy
Trustees must set a long-term objective, low dependency funding target and investment approach.
Statement of Strategy
Trustees must record their funding and investment strategy and relevant supplementary information.
Fast Track or Bespoke
Trustees should consider the scheme’s long-term objective and decide on the appropriate approach when preparing a valuation under the new regime.
Employer Covenant
Trustees must assess the employer’s ability to support the scheme and consider the covenant when setting an appropriate level of risk.
Recovery Plan
Where required, trustees must establish measures to address a funding shortfall and bring the scheme towards its funding objective.
Our Actuarial Valuation Services in the UK
Our services support the financial decisions that trustees and employers need to make around pension liabilities and scheme funding.
Pension Actuarial Valuation
We assess scheme assets, technical provisions, funding levels and relevant actuarial assumptions to establish the financial position of a defined benefit pension scheme.
Scheme Funding Advice
We help trustees and employers assess contribution requirements and consider the funding implications of different strategies.
Pension Liability Assessment
We analyse future benefit obligations using relevant financial and demographic assumptions to establish the value of pension liabilities.
Funding and Investment Strategy Support
We provide actuarial analysis that can support the development and review of a scheme’s long-term funding and investment strategy.
Recovery Plan Support
Where a funding shortfall exists, we provide analysis to help trustees and employers assess contribution levels, affordability and the proposed route towards improved funding.
Actuarial Modelling and Valuation Software
We use appropriate actuarial modelling tools and actuarial valuation software to analyse liabilities, test assumptions and assess different funding scenarios. The tools support the actuarial work rather than replace professional judgement.
Navigate Your Next Valuation with Confidence
Need support with a UK pension valuation or funding assessment? Finsoul Network UK can help you understand the scheme’s financial position and plan the next step.
Challenges Businesses Face During Actuarial Valuation
Actuarial work can become complex when pension data, financial assumptions or employer circumstances change. Early review helps trustees and employers address these issues before they affect funding decisions.
Longevity Risk
Members may live longer than expected, which can increase the time the scheme needs to pay benefits. Actuarial analysis helps assess how changes in life expectancy could affect pension costs.
Incomplete Scheme Data
Missing or inconsistent member records can affect liability calculations. We identify data issues and work with the available information to support a reliable valuation.
Changing Financial Assumptions
Changes in interest rates, inflation and investment conditions can affect the value of pension liabilities. We review relevant assumptions to understand their effect on the scheme’s funding position.
Funding Shortfalls
A funding deficit can create pressure on the employer and trustees. Actuarial analysis helps assess the size of the shortfall and the financial effect of possible contribution plans.
Investment and Funding Alignment
The scheme’s investment strategy should support its long-term funding objective. We assess how funding and investment decisions interact within the valuation.
Employer Covenant Changes
A change in the employer’s financial strength can affect the support available to the pension scheme. We consider relevant employer information when assessing the wider funding position.
Actuarial Valuation for Financial Planning and Decision-Making
An actuarial valuation can give employers and trustees useful financial information for decisions that affect the pension scheme and the wider business.
Our Actuarial Valuation Process in the UK
We follow a structured process that keeps the valuation focused on the scheme’s requirements, relevant data and agreed assumptions.
Review the Scheme Requirements
We confirm the valuation date, scheme objectives, statutory requirements and scope of the engagement.
Collect and Check Scheme Data
We review member data, scheme assets, benefit information and other records required for the valuation.
Assess Financial and Demographic Assumptions
We review assumptions covering areas such as discount rates, inflation, mortality and future salary growth where relevant.
Calculate Scheme Liabilities
We use actuarial techniques and appropriate modelling tools to calculate the present value of future pension benefits.
Assess Funding Position
We compare the scheme’s assets with its technical provisions and identify the resulting funding position.
Prepare Actuarial Reporting
We explain the valuation results, assumptions, key risks, and relevant funding implications in clear actuarial documentation.
Independent Actuarial Review and Expert Assurance
An independent review can help trustees and employers gain greater confidence in the assumptions, calculations, and conclusions used in an actuarial assessment.
- Independent Review: We assess the valuation work objectively against the agreed scope and relevant requirements.
- Assumption Review: We examine key financial and demographic assumptions that can materially affect liabilities.
- Data Validation: We review important scheme data and identify inconsistencies that could affect the results.
- Model Review: We assess the actuarial calculations and modelling approach used for the assignment.
- Reasonableness Checks: We compare key outputs against relevant financial and scheme information.
- Report Assurance: We review the final actuarial documentation for consistency, clarity and completeness.
UK Actuarial Standards and Regulatory Requirements
UK pension valuations must meet the relevant actuarial and pension requirements for the scheme and valuation date. The current DB funding regime applies to valuations with effective dates on or after 22 September 2024.
TPR DB Funding Code
The Pensions Regulator’s DB Funding Code sets requirements for valuations, funding and investment strategies, risk management and long-term planning.
Funding and Investment Strategy
Trustees must set a long-term funding and investment strategy and record it in a Statement of Strategy.
Fast Track and Bespoke Routes
Trustees can consider the Fast Track route where the scheme meets the required parameters, or use a Bespoke approach where its circumstances require a different funding strategy. TPR states that Fast Track does not represent the minimum legal compliance position.
TAS 300 for Pension Work
TAS 300 sets technical requirements for actuarial work on pensions other than collective money purchase schemes. Version 2.1 has applied to relevant technical actuarial work since 1 November 2025.
TAS 310 for Collective Money Purchase Pensions
TAS 310 covers collective money purchase pension schemes. Version 1.1 took effect on 31 July 2026 and includes updated requirements for this area of actuarial work.Â
Valuation Reporting Requirements
Trustees must meet relevant reporting deadlines and provide required funding and valuation documentation to TPR. The funding and investment strategy must generally be reviewed within 15 months of the effective date of each subsequent valuation.
Information and Documents Required for Actuarial Valuation
The information needed depends on the scheme and valuation scope. Accurate and complete data helps the actuary produce reliable results.
- Member Data: Membership records, ages, service history and benefit information.
- Scheme Accounts: Recent accounts, asset values and investment information.
- Benefit Rules: Trust deeds, scheme rules and amendments affecting member benefits.
- Contribution Details: Current employer and member contribution arrangements.
- Investment Information: Asset allocation, investment returns and relevant investment strategy details.
- Employer Information: Financial and covenant information relevant to the scheme’s long-term support.
Cost and Timelines for Actuarial Valuation Services in the UK
The cost and timescale depend on scheme size, member data, valuation complexity, reporting requirements and the level of actuarial analysis required.
Disclaimer: These are indicative ranges, not fixed commitments. Actual fees and timescales depend on the scheme, data quality, valuation requirements and scope of actuarial work.
Industries We Support With Actuarial Valuation Services in the UK
Finsoul Network UK supports employers and pension scheme stakeholders across sectors where defined benefit liabilities can influence financial planning.
Professional Services
Scheme funding and long-term pension cost planning.
Healthcare
Pension liabilities and financial forecasting.
Financial Services
Long-term contribution planning and liability assessment.
Retail
Long-term contribution planning and liability assessment.
Manufacturing
Pension liabilities, funding plans and employer obligations.
Construction
Employer covenant and pension funding considerations.
Energy
Funding obligations and long-term liability planning.
Transport
Pension liabilities and employer funding requirements.
Why Choose Finsoul Network UK for Actuarial Valuation Services?
We use accurate data, suitable assumptions, and clear reports to complete a reliable actuarial valuation. Finsoul Network UK helps employers and trustees understand their pension scheme and make clear funding decisions.
UK Regulatory Knowledge
We work with the current UK pension funding framework and relevant requirements.
Clear Actuarial Analysis
We explain key valuation results and their financial implications in straightforward language.
Data-Focused Approach
We identify important data issues that could affect the valuation.
Funding Insight
We connect valuation results with practical funding decisions.
Professional Standards
We consider the applicable actuarial standards and reporting requirements.
Business-Focused Advice
We help employers understand how pension liabilities can affect wider financial decisions.
Request an Actuarial Valuation
Need actuarial support for a DB pension scheme, funding review or long-term strategy? Finsoul Network UK can help you assess the scheme’s position and determine the appropriate next step.
Frequently Asked Questions
Yes. Actuarial analysis can model how changes in funding, investment returns, inflation, interest rates and longevity may affect future scheme finances.
Yes. Trustees may need additional actuarial advice when material changes affect the scheme or employer, or when they need updated analysis for a funding or investment decision.
The trustees and employer should discuss the assumptions with the scheme actuary and consider the evidence supporting each position. Where agreement cannot be reached on relevant funding matters, TPR reporting requirements may apply.Â
No. Actuarial valuation software can perform calculations, projections and scenario analysis, but qualified actuarial judgement remains important when selecting assumptions, interpreting results and preparing professional advice.
Yes. Pension liabilities can affect the financial position of a business involved in a transaction. Actuarial analysis can help the parties understand the value and funding implications of the pension obligations.