The Dorset County Council pension fund has reappointed Barnett Waddingham as its actuarial services provider following a tender process...
The Dorset Fund is valued at around £1.5bn and has over 50,000 members.
The four-year contract with three-year extension option follows a tender as part of the South West Framework agreement - a pooled procurement system designed to cut costs for local government schemes in the South West.
The Council has worked with the consultant since 2002, and is the firm's longest-standing local government client.
Graeme Muir, head of the public sector practice at Barnett Waddingham, said:
"It's always nice to win new clients but being retained by an existing client is equally, if not more satisfying, as it reassures us we must be doing a good job. Dorset were our first ever local authority client and we are looking forward to continuing to help them navigate through the challenging times ahead."
Barnett Waddingham claims to advise nearly 25% of all local authority pension funds in the UK.