Targeted Review of Defined Benefit Pensions and Financial Resilience for Water Sector
Awarded 26 Feb 2018
About
The Water Services Regulation Authority awarded a contract to Barnett Waddingham LLP for a targeted review of defined benefit pensions and financial resilience across the English and Welsh water sector.
The review assessed published information on all 17 water and waste water companies' pension schemes, prepared information requests, and examined topics including IFRS versus actuarial deficits, use of customer funding for deficit repair, management of pension liabilities, inflation linkage (CPI/CPIH), and the treatment of deficits in credit ratings and special administration scenarios.
The contract value was £70,000.
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