Overview
INSIGHT
Milliman defined benefit plan consulting insight
Case study
Milliman helps clients stay up to date and on track to meet their goals and business objectives in the face of constantly shifting markets and regulations.
Ask the tough questions. We’re ready for them.
Plan sponsors face exposure to an ever-increasing level of risk in their duties as fiduciaries and administrators of defined benefit plans. A more dynamic workforce, global competition, and legislative changes are creating new demands and sources of risk that could affect the entire organisation.
Milliman's defined benefit plan services come with a demonstrated track record of the highest work quality and successful client relationships. Our approach is to gain a thorough understanding of a client’s organisation to help develop unique goals for its retirement plans. To reach those objectives, we bring in a dedicated, cross-functional team of actuaries, administrators, regulatory compliance experts and plan-design professionals, allowing us to respond quickly to client needs.
One critical component of our work is proactively watching the macroeconomic and regulatory environments for any changes that could have an impact on a plan. We constantly evaluate plans and funding policies to explain problems that could arise, keeping clients up to date and eliminating surprises. Our services include:
Milliman is independent of and has no financial relationships with outside organisations that would present a conflict of interest. Our income is derived solely from fees for services provided to our clients. This ensures that our advice and counsel is independent and objective.
We consider accuracy of recordkeeping to be our hallmark. Milliman’s strict peer review process for every project ensures quality control for high-level concepts and conclusions, down to the minutiae of data collection and calculations. Reviewers are familiar with the project, but have not performed significant work on the job.