Hymans Robertson LLP

What Hymans Robertson LLP does

Hymans Robertson LLP is an independent UK actuarial and pensions consultancy founded in 1921 and headquartered in London, with additional offices in Glasgow, Birmingham, and Edinburgh. The firm employs over 1,400 professionals, including 90 partners, and serves trustees of UK defined benefit and defined contribution pension schemes, sponsoring employers, Local Government Pension Scheme (LGPS) funds, and institutional investors including charities. Its core offering spans DB actuarial services, corporate advisory, pensions administration, governance and risk transfer, DC trustee and corporate consulting, CDC advisory, LGPS actuarial and investment consulting, and broader investment consulting with stewardship, responsible investment, and climate capabilities.

The firm's technology stack centres on a set of proprietary digital platforms: PRISM (member-facing self-service pension management), Frontier and Frontier for the LGPS (digital services portals), LOLA (LGPS Online Learning Academy), the Economic Scenario Service (ESS) for actuarial modelling, and outcomes-based modelling APIs. Revenue is generated predominantly through professional services engagements (retainers, project mandates, lead-broker advisory on bulk annuity transactions), with growing recurring/technology subscription lines via PRISM, Frontier, and API services. Distribution is entirely direct via partner-led enterprise engagement, supported by a substantial thought-leadership programme including the annual Risk Transfer Report and the Pensions and Retirement Conference.

In April 2026 the firm announced the sale of its Insurance and Financial Services consulting team (~90 specialists) to Howden, expected to complete in Spring 2026, which will refocus the residual partnership on its UK pensions, LGPS, and digital services franchise. The firm holds FCA authorisation, IFoA licensing, ISO 27001:2022 (since 2011), Cyber Essentials, and B Corp certification, and is a member of the Abelica Global actuarial network.

Name

Hymans Robertson LLP

Legal name

Hymans Robertson LLP

Website

https://hymans.co.uk

Company type

Private

Founded year

1921

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Hymans Robertson LLP is an independent UK actuarial and pensions consultancy, founded in 1921, serving trustees, sponsoring employers, LGPS funds, and institutional investors across DB, DC, LGPS, and investment consulting, supported by proprietary digital platforms.

Ownership category

akta.pro rank

Product category

Actuarial and Pensions Consulting

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Pension Funds (52511)

SIC

Investment Advice (6282), Life Insurance (6311), Services-Computer Programming Services (7371)

akta.pro industry

PRIMARYFSAAAGAB

Pension Master Trusts, Superannuation & Provident Funds

Financial & Insurance/Asset & Wealth Management/Asset Management — Institutional (Pensions, Endowments, Sovereign)

SECONDARYFSAAABAC

Discretionary Portfolio Management (DPM)

Financial & Insurance/Asset & Wealth Management/Private Banking & HNW/UHNW Wealth Management

Keywords

• Pensions consulting
• Actuarial services
• Investment consulting
• Risk transfer advisory
• Pension administration

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Pensions Actuarial and Consulting Services: Professional actuarial consulting and advisory services to defined benefit, defined contribution, and public sector pension schemes. Revenue is generated through retainer agreements, project-based engagements, and ongoing advisory mandates with trustees and sponsoring employers.
2. Investment Consulting: Investment advisory services including strategic asset allocation, responsible investment, stewardship, and DC investment consulting for pension schemes and charities.
3. Risk Transfer Advisory: Advisory services for bulk annuity transactions, buy-ins, buy-outs, and alternative risk transfer arrangements. Hymans Robertson acts as lead broker in pension de-risking transactions.
4. Digital and Technology Services: Digital pension management platforms (PRISM, Frontier), API services, and technology-enabled administration services.
5. Insurance and Financial Services Consulting (divested to Howden): Strategic actuarial and risk consulting services for insurance companies, including pricing, capital allocation, reserving, and longevity risk management. Approximately 90 specialist consultants were to transfer to Howden under the acquisition agreement expected to complete in Spring 2026.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels12 records

Core offering

Hymans Robertson LLP provides actuarial, investment, risk transfer, governance, administration and digital technology services to UK defined benefit and defined contribution pension schemes, Local Government Pension Scheme (LGPS) funds, charities and other institutional investors. The firm also offers proprietary digital platforms (PRISM, Frontier, LOLA), the Economic Scenario Service, outcomes-based modelling APIs, and ESG and climate consulting to support trustees, sponsoring employers, and public sector funds.

Product overview

Hymans Robertson LLP operates as an independent partnership offering a comprehensive suite of pensions, investment, and digital technology services. The portfolio includes core actuarial and advisory services (DB actuarial services, corporate advisory, risk transfer consulting), defined contribution and public sector consulting (including LGPS services), and a growing digital product suite. Key digital products include PRISM (self-service pension management), Frontier (digital services portal), outcomes-based modelling APIs, and the Economic Scenario Service (ESS). Additional offerings span ESG services (Climate Change Consulting, Nature Hub, Illiquid Investments), training platforms (LOLA), and stewardship services (Hymans Engage). The firm also maintains sub-brands for personal wealth and investment services. The overall architecture follows a platform-plus-specialist-services model, combining traditional consulting expertise with technology-enabled digital solutions.

Differentiator

Problem solved

Functional benefit

Brands

• PRISM: Fully digital, 24/7, self-service pension management platform for pension scheme members.
• Frontier
• LOLA
• Horizon
• Hymans Engage
• Precision
• Hymans Robertson Foundation

Products and services

• DB Actuarial Services

Quantifiable outcome

• Pension buy-in volumes of £38.2 billion across 370 deals tracked in 2025 market report
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Five partnerships are on record, tiered major, minor and core.

• HowdenmajorOthers · 2 April 2026Howden agreed to acquire Hymans Robertson's Insurance and Financial Services (IFS) Consulting Team, forming a new practice called Howden Insurance Actuarial & Longevity (Howden IAL). The transaction brings together approximately 90 specialist consultants, combining Barnett Waddingham's outsourced actuarial services with Hymans IFS team's expertise. Expected to complete in Spring 2026.
• Legal & GeneralminorStrategic or Co-development Partner · 11 June 2025Hymans Robertson and Legal & General collaborated on a white paper exploring how UK life insurers can take advantage of Solvency UK reform opportunities, including investing in sub-investment grade and illiquid assets to capture full illiquidity or complexity premiums.
• LGPS BoardmajorStrategic or Co-development Partner · 1 January 2019The LGPS Board appointed Hymans Robertson to lead a three-phase Good Governance review, examining and enhancing governance standards across the Local Government Pension Scheme. The review was completed by 2021, and the Board created an action plan requesting government implementation through statutory guidance and regulatory amendments.
• Canada LifecoreStrategic or Co-development PartnerCanada Life completed bulk annuity transactions (£40m buy-in for a financial services sector scheme; £80m buy-in for the Safeway Pension Scheme). Hymans Robertson acted as lead broker/adviser for the financial services scheme and provided investment advice for the Safeway transaction.
• Abelica GlobalminorStrategic or Co-development PartnerHymans Robertson is a member of Abelica Global, an international network of actuarial consulting firms, providing access to global expertise and collaborative resources across the network.

Scale indicators14 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Willis Towers Watson (WTW): Global advisory, broking, and solutions company with UK pensions consulting, investment, and administration capabilities. Competes with Hymans Robertson for large enterprise and LGPS mandates and is a major participant in the UK bulk annuity market alongside Hymans.
• Mercer: Global consulting firm (part of Marsh McLennan) with a substantial UK pensions actuarial, investment, and administration practice. Wider portfolio than Hymans Robertson but competes directly for large UK DB and DC scheme mandates and FTSE 100 corporate sponsors.
• Aon: Global professional services firm with UK pensions actuarial and investment consulting practice plus deep bulk annuity broking capability. Competes for large scheme mandates, risk transfer advisory, and corporate DC mandates that overlap with Hymans Robertson's offerings.
• Deloitte (UK Pensions practice): Big Four consultancy with a UK pensions advisory practice covering actuarial, investment, risk transfer, and corporate transactions. Increasingly competing for large scheme mandates and corporate finance-linked pensions advisory that overlaps with Hymans Robertson's corporate advisory work.
• PwC (UK Pensions practice): Big Four consultancy with UK pensions actuarial and investment advisory capabilities, particularly active in scheme actuary, risk transfer, and corporate transactions work that competes with Hymans Robertson's mid and large corporate DB practice.
• KPMG (UK Pensions practice): Big Four consultancy offering UK pensions actuarial, investment, and risk consulting services. Competes with Hymans Robertson for large corporate DB mandates and increasingly for LGPS and master trust advisory.

Direct peers

• Barnett Waddingham: UK pensions and actuarial consultancy providing scheme actuary, investment consulting, and administration services. Directly comparable to Hymans Robertson; Howden combined Barnett Waddingham's outsourced actuarial services with Hymans Robertson's IFS team when forming Howden Insurance Actuarial & Longevity.
• XPS Pensions Group: Listed UK pensions consultancy and administrator offering scheme actuary, investment consulting, and pensions administration across DB, DC, and LGPS segments. Closest publicly traded comparable to Hymans Robertson for benchmarking revenue mix and margin trajectory.
• Isio: UK pensions consultancy offering actuarial, investment, risk transfer, and administration services. Comparable in scale, ownership structure (employee-owned), and product breadth to Hymans Robertson across DB, DC, and corporate advisory.
• LCP (Lane Clark & Peacock): UK actuarial and pensions consultancy with comparable DB, DC, and investment consulting capabilities. Direct competitor to Hymans Robertson, particularly in LGPS, DB scheme actuary mandates, and now the appointed actuary for the consolidated BAE Systems schemes that moved from Hymans.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubevimeo.com/hymansrobertson
• LinkedInlinkedin.com/company/hymans-robertson
• Instagraminstagram.com/hymans_robertson
• Xx.com/hymansrobertson

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hymans Robertson LLP