Financial sector

MorganAsh works with organisations across the financial sector, helping them to deliver a significantly better service and achieve meaningful savings in both time and money.

A strong participation rate resulted in 95% of liabilities being medically underwritten.

BSW Timber & Howie Forest Products
BSW Timber is the largest sawmilling company in the UK. It has 1200 employees, £300m turnover and 2 closed final salary (DB) pension schemes. It is believed to be the first company to undertake both a MUMS and MUBA project.

Grant Thornton
Grant Thornton’s pension advisory team worked with MorganAsh on a large DB pension scheme sponsored by a professional services company. The purpose was to understand the health and marital status of its scheme membership in far greater detail.

Helm Godfrey
MorganAsh works with Helm Godfrey to help provide an enhanced annuity service where 60% of cases receive a higher income.

Institute of Chartered Accountants
A buy-in undertaken using a tender process managed by MorganAsh becomes part of one of the few UK pension schemes to have completed two medically underwritten buy-ins.

Institution of Engineering and Technology
Working with MorganAsh, Hymans Robertson became one of the pioneers of the medically underwritten buy-in market, recognising significant benefits for its pension scheme clients.

Irish Life - tele-claims
MorganAsh transformed Irish Life’s claims process from a traditional paper-based approach to a far more effective tele-claims service.

Irish Life - underwriting
MorganAsh worked with Irish Life to transform the underwriting of two schemes, helping them turn around cases faster, gather better information, reduce costs and grow business volumes.

Johnston Press
In 2015, MorganAsh undertook a MUMS analysis for Johnston Press; the result of the revaluation for financial reporting was a reduction in the deficit of £50m – around 10% of the total pension value.

JT Dove
Builders merchant JT Dove reduced its forecast pension deficit by 11% after commissioning medical underwriters MorganAsh to re-examine mortality calculations.

75% of liabilities being assessed led to changes to the assumptions on mortality.

Pavis Financial Management
MorganAsh was able to undertake sensitive medical assessments quickly and easily, resulting in faster turnaround of cases and greater accuracy of information.

PG Mutual
PG Mutual started working with MorganAsh in 2007 and has used its tele-interview service ever since. This improved the accuracy of insurance applications and speeded up the application process.

Renold, the international supplier of industrial chains, employs around 2,500 people in more than 23 countries around the world. The Renold’s DB pension scheme entered a buy-in to fully de-risk around 25% of its UK pensioner liabilities with Just Retirement.

Shepherds Friendly Society
Shepherds Friendly Society started life as a sickness and benefits society and was an amalgamation of various fraternal groups including the Royal Shepherds Sanctuary Benefit Society and the Ancient Order of Shepherds, some formed back in 1826.

St James’s Place
MorganAsh has helped St James’s Place, the UK’s largest financial adviser, to achieve better annuity prices.

Svitzer Marine
This transaction was carried out after a competitive tender run by LCP with health and lifestyle data collected by MorganAsh.

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Sales and enquiries

If you are interested in any of MorganAsh’s services, please get in touch. We’ll be happy to help.

Our clients say:

We have completed several medically underwritten bulk annuity exercises. The MorganAsh service has been an important element of these exercises, enabling us to obtain a successful outcome for our clients.

Paul Darlow, Xafinity Consulting