We were asked by a large conglomerate and their lawyers to provide independent actuarial consulting advice and calculations relating to the historic adjustment of the scheme’s retirement age made to comply with sex discrimination legislation.

The existing process put in place by their incumbent advisers was felt to be in question. We were approached to provide a second opinion relating to the various cost and funding implications of putting right the problem.

Following preparation of detailed calculations, discussion on the cost implications and legal negotiations, the incumbent adviser agreed to a compensatory settlement with the client.