Alternatively, working with your chosen corporate finance advisers and investment banks.
Services to other professional firms
We also provide consultancy to other professional firms including law firms, accountants and tax advisers in the following areas.
Acting as an expert witness in court cases.
Advice on mortality/longevity and other demographic risks including, where appropriate, analysis and modelling.
Valuations for inheritance tax and other purposes
Valuation of life tenancies and property reversions
Valuation of other long term interests in property or other investments with predictable income streams where there is no readily obtainable market valuation.
Golding Smith & Partners provides a wide range of consultancy services to its clients
We work with clients ranging from small businesses to large multinational corporations in the UK, Ireland, Channel Islands and Isle of Man. The services offered include consultancy in the following areas.
Actuarial and risk management
Regulatory returns and statutory financial reporting including the calculation of the firm's technical provisions and Solvency II capital requirements
Own Risk and Solvency Assessment (ORSA)
Internal reporting including analyses of sources of profits and loss
Detailed analyses of the experienced mortality, expense and other assumptions, including comparisons with the firm's premium and valuation assumption.
Establishment of new companies
Assistance with the establishment of new life companies and changes to the authorisation of existing companies, including the preparation of business plans and applications.
Financial modelling, including stochastic modelling
Construction of internal models.
Advice on investment strategies and the nature of investments, including the choice of investment managers, where investment management is outsourced or external funds are offered
Internal and external fund governance
Asset liability management.
Peer reviews of actuarial work
"Actuarial audit " of the in-house actuarial function.
Advice on the design and pricing of life, pensions, equity release and disability products, including any reinsurance requirements
Drafting and advice on policy terms and conditions
Advice on administrative and operational requirements, including outsourcing.
Tailored product research and competitor analysis reports based on the client's requirements
Our research database goes down to fund level pricing for personal pensions, investment bonds and offshore bonds
Both off and on-platform products covered
For platform products, our research database includes products linked to collective investment schemes
We produce reports both for internal use and for publishing to sales staff and IFAs.
Advice and commentary on rules, guidance and consultations from regulators
Applications for authorisation and changes to permissions
Our partners include specialist compliance consultants.
Providing tailored training to directors and senior management e.g. on new products, investment strategies, actuarial or regulatory matters.
Investments and permitted links
Disclosure of management charges including underling expenses to policyholders
Unit pricing methodology
Rectification of pricing errors and expense disclosure failures, including, where appropriate, redress to policyholders.