---
title: "Defined Benefits Actuarial Valuation & Two-Pot Implementation | Case Study"
description: "Liberty / CPSA: A leading financial institution specialising in life insurance, investments, and retirement benefits required actuarial support for a well-e"
lang: en
json-ld:
---

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Financial Services

Actuarial Consulting

# Defined Benefits Actuarial Valuation & Two-Pot Implementation

Liberty / CPSA

## The Challenge

A leading financial institution specialising in life insurance, investments, and retirement benefits required actuarial support for a well-established Defined Benefit fund. The fund needed oversight of all actuarial functions including statutory valuations, liability modelling, member-level calculations, reserving, and preparation of actuarial reports, along with ensuring compliance with all regulatory requirements and implementing the new Two-Pot legislation.

## Our Solution

The Shard was entrusted with overseeing all actuarial functions of the fund, including statutory valuations, liability modelling, member-level reserving and reporting, solvency and funding ratio calculations, advising on regulatory compliance, and preparation of actuarial reports. During our engagement, we assisted in implementing the Two-Pot legislation, amending the fund's rules and performing the necessary calculations to allocate each member's retirement savings appropriately between the designated pots in accordance with the new regulatory framework.

## The Results

The fund maintained compliance with all regulatory requirements while ensuring accurate valuation and reporting of liabilities. Our detailed actuarial assessments provided the institution with a clear understanding of the fund's financial position, supporting informed decision-making. The implementation of the Two-Pot legislation was carried out efficiently, with fund rules successfully amended and member savings reallocated in accordance with the new framework, ensuring a smooth transition for members while upholding the fund's long-term sustainability and alignment with evolving retirement regulations.

### Quick Facts

Client

Liberty / CPSA

Industry

Financial Services

Service

Actuarial Consulting

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