Actuarial and investment advice

As one of the UK’s leading advisers on pensions, we provide actuarial, investment and consulting services for defined benefit (DB) pension schemes of all sizes, including journey planning, funding and risk management strategies.

Our clients appreciate the way we work: our fixed fees, our joined-up thinking around funding, investment and covenant issues, our technical excellence and the quality and effectiveness of our people.

It is these qualities, together with our experience of advising trustees, which enables us to address your need for sponsor advice so effectively.

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Our approach

Our approach to the provision of actuarial and investment advice acknowledges both the individual and the common needs of every client. Our advisers actively engage with you, tailoring their input to your needs, guaranteeing an effective team-working approach that helps you achieve your goals.

Underpinning our advice are smart, joined-up services. These are delivered proactively, efficiently and cost-effectively, using market-leading technologies that facilitate cross-discipline thinking, such as PFaroe.

We are among the first organisations to receive Quality Assurance Scheme (QAS) accreditation from the Institute and Faculty of Actuaries (IFoA).

We place great importance on the quality of our people and employ some of the very best in the market. Our employees are experts in their field, qualified people who care deeply about our clients and listen carefully to their needs. Working alongside colleagues with other areas of experience and expertise every day, they create integrated solutions for you that will deliver results.

62% funding ratio of DB schemes on a full buy-out basis.

59% of small schemes (below £300m) believe their scheme funding will be worse in the next 12 months.

Our services

Every scheme and every board of trustees is different, but one thing that they do have in common is the need for quality, value and risk control.

Welcome to Capita

Our advice is founded on providing viable, pragmatic and cost-effective solutions to the specific challenges faced by our clients. This relies on our advisers acquiring a deep understanding of your particular circumstances.

We help trustees work to achieve satisfactory solutions by discussing and evaluating all the available options. Where possible, we encourage a collaborative relationship between the trustees and the sponsoring employer.

To help our consultants provide the advice our clients need, we produce internal guidance prepared by our Practice Area Specialist (PAS) teams. Our consultants also benefit from sharing their experiences with regular discussion groups.


Whilst every investment strategy and implementation will be different, our investment and actuarial advice is co-ordinated. It is based upon a consistent set of underlying expert opinions and market views.

Our investment and actuarial advisers work together to ensure that you receive advice that holds together. Risks are identifiable and appropriately distributed.

Capita guides you through the investment process to:

  • Help you understand your risks and set objectives
  • Recommend current and future asset allocation strategies
  • Provide smart, flexible and efficient delivery
  • Monitor outcomes, capture opportunities and review

We can also help with manager selection and implementation in terms of:

  • Manager research
  • Investment platform
  • Manager selection
  • Monitoring

To learn more, please click here.

The primary tool which we use with our clients is our industry-leading valuation and risk management platform, PFaroe.

This comprehensive, integrated risk-management technology provides up-to-date information and allows you to explore options and alternatives in an instant and easy-to-understand way. We use full valuation data and assumptions, so the results are accurate, complete and reliable.

Your specific investment strategy can be modelled accurately, providing insight into the relationship between funding and investment risks and outcomes. Decisions can be made based upon the real-time results, with confidence.

Schemes of all sizes need help to manage risks without incurring enormous expenses and we can provide simple solutions which will support you in defining timescales and controlling costs over the long term.

Benefits of our approach to you:

  • Costs are fixed wherever possible
  • Realistic timescales are set at the start of the process; which helps you to maintain control and momentum

Journey planning can help deliver a fully working plan of action that defines a pension scheme’s endgame. We guide the trustees and employer to define a mutually agreed objective or end game which takes account of the needs and constraints of both parties.

Having a plan in place that has been discussed and agreed by the trustees and the employer is much more likely to achieve these aims and be acceptable to both parties.

To find out more about journey planning, please click here

To learn more about pensions risk management, please click here

To learn more about buy-ins and buy-outs, please click here.

Today’s expectation that trustees will fully engage with the sponsor around funding, investments and employer covenant issues has led to a greater need for supporting employer advice.

Most scheme sponsors and trustees want a streamlined, efficient and cost-effective service where possible, but without the conflict and duplication that can sometimes result from separate appointments.

Our specialist Corporate Advice team can help you address these issues. The team pulls together our most experienced actuarial, investment and employee benefits consultants – all of whom continue to advise trustees and so appreciate the reality and subtleties of effective advice.

They can advise both Trustees and scheme sponsors – all of our advisers undertake both roles, so you can be sure of advice that works.

Some of the areas where we help our clients are:

  • Funding strategies and negotiations
  • Investment strategy and risk control
  • Liability reduction exercises, for example pension increase exchange, early retirement, or transfer exercises
  • Bulk annuity purchase
  • Pension and benefit strategy
  • Scheme closure or redesign
  • Advice relating to sale, purchase or restructure
  • Benchmarking
  • Accounting for pension costs
  • Trustee board effectiveness
  • Communication and education
  • Pension Protection Fund levy managementadvise both Trustees and scheme sponsors – all of our advisers undertake both roles so you can be sure of advice that works

Client testimonial

The Capita actuarial team created a well-thought-out, robust and intuitively appealing framework which allowed us to integrate our covenant assessment with scheme funding seamlessly, something which had been impossible to do previously in a coherent manner. This is an industry first.

Awards and accreditations