Acted for a US reinsurer in a professional negligence case where an actuarial firm was alleged to have undervalued the liabilities. This involved forensic analysis of a number of valuations and interviewing the key personnel. A detailed report was produced. The case settled out of court.
Acted in the UK pension aspect of Nortel, a major complex and contentious international insolvency. Mark gave evidence in a 3 week trial. The judge preferred Mark’s opinion on the actuarial matters at the heart of the case.
Acted for a class action group versus a large UK employer where we determined the quantum of loss suffered on switching from DB to DC. The case went to 2 days of mediation where Mark and Mike were fully involved and an agreement was reached.
Large Consulting firm
Acted for a large consulting firm where it was alleged the documentation was not amended correctly. Our report identified the quantum of loss under various scenarios. The case settled out of court.
We assisted the Trustees review their actuarial and investment advisers to their two DB schemes with assets in excess of £1bn. We achieved a saving of over £1m in professional fees over the next 3 years whilst ensuring equivalent service levels.
Nursing and Midwifery Council
We assisted the Trustees review their actuarial, investment and administration provider to their £100m DB scheme. Significant fee savings were made whilst retaining their incumbent adviser.