Case Study: Scottish Enterprise achieves long-term scheme stability with Hymans Robertson

Scottish Enterprise maintains a stable 20% contribution rate with Hymans Robertson

Scottish Enterprise, a national economic development agency, required long-term strategic support to maintain its rare open defined benefit pension scheme, ensuring it remained sustainable, secure, and relevant for both current and future members. The organization engaged the services of actuarial consultancy Hymans Robertson for ongoing advisory, administrative, and secretarial support.

Hymans Robertson implemented a holistic, long-term strategy focused on stability, balancing the payment of benefits with maintaining a steady employer contribution rate. This approach successfully navigated multiple financial crises and resulted in a stable 20% employer contribution rate, even following a valuation at the market trough of the COVID-19 pandemic. The solution provided by Hymans Robertson also enhanced member communication and satisfaction, contributing to the scheme's sustainability and its value as a tool for talent attraction and retention.

Scottish Enterprise