Pbi Actuarial Consultants

What Pbi Actuarial Consultants does

PBI Actuarial Consultants Ltd. (also operating as PBI Conseillers en actuariat) is an associate-owned, privately held Canadian actuarial and benefits consulting firm headquartered in Vancouver, British Columbia, with regional offices in Montreal, Quebec, and Burlington, Ontario. Founded in 2008 with 28 employees and 34 clients, the firm has grown to a team of over 100 employees serving more than 100 plans and funds. PBI's stated point of differentiation is its exclusive focus on collectively bargained and multi-employer plans, a niche underserved by larger generalist consultancies.

The firm delivers five core services: Pension Consulting, Pension Administration, Benefits Consulting, Investment Consulting, and Benchmarking. It also publishes proprietary research and tools, including the "Apples & Oranges" Benchmarking Study for collectively bargained pension plans, the PBI Canadian Pension Funding Indices, the 2024 Canadian Pensioner Mortality Research Project, the Manager Fee Calculator, and annual Government Benefits Guides for Eastern and Western Canada. The technology footprint is non-platform: PBI does not appear to operate proprietary software, and value delivery rests on credentialed human expertise (FSA, FCIA, FIA, ACIA, CEBS, CFA) rather than software products.

PBI's customer base is exclusively enterprise and institutional, comprising multi-employer pension plans, multi-employer group benefit plans, public sector plans, member-funded pension plans, First Nation trusts, endowment trusts, and other institutional funds — including what the firm describes as "some of Canada's largest multi-employer pension plans." The firm is independently owned by its associates/partners with no parent company, no VC/PE backing, and no public listing. Revenue is generated through professional consulting fees on a per-engagement or retainer basis (pricing not publicly disclosed), sold via a direct, sales-led B2B model across Canada. Go-to-market relies on direct relationship selling supplemented by content marketing (publications, guides, calculators), industry event participation, and earned media presence in Benefits Canada and Benefits and Pensions Monitor.

Name

Pbi Actuarial Consultants

Legal name

PBI Actuarial Consultants Ltd.

Website

https://pbiactuarial.ca

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

PBI Actuarial Consultants is an associate-owned Canadian actuarial and benefits consulting firm providing pension consulting, administration, benefits, investment, and benchmarking services to multi-employer pension plans, public sector plans, and institutional trust funds across Canada.

Ownership category

akta.pro rank

Product category

Actuarial and Benefits Consulting Services

NAICS

Portfolio Management and Investment Advice (523940), Pension Funds (525110), Insurance and Employee Benefit Funds (5251), Trust, Fiduciary, and Custody Activities (523991)

SIC

Services-Management Consulting Services (8742), Investment Advice (6282)

akta.pro primary industry

Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE)

akta.pro secondary industries

Institutional Consultants & Fiduciary Management (Investment Consulting) (FSAAAGAJ), Employee Benefits Brokerage & Consulting (FSAEADAC)

Keywords

• Actuarial consulting services
• Pension plan administration
• Benefits consulting
• Investment consulting
• Multi-employer pensions

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Actuarial and Consulting Services: PBI Actuarial Consultants provides professional consulting services for pension plans, health and welfare plans, and other trust funds. Revenue is generated through consulting fees for services including pension consulting, pension administration, benefits consulting, investment consulting, and benchmarking services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

PBI Actuarial Consultants provides professional actuarial and consulting services for institutional clients in Canada, focused on pension plans, health and welfare benefit plans, and trust funds. Core offerings include Pension Consulting (plan design, funding analysis, valuation), Pension Administration, Benefits Consulting (group benefits plan design and cost management), Investment Consulting (manager evaluation, asset allocation, portfolio analysis), and Benchmarking (comparative studies, including the Apples & Oranges study for collectively bargained plans). The firm also publishes proprietary research such as the PBI Canadian Pension Funding Indices, the Canadian Pensioner Mortality Research Project, and annual Government Benefits Guides for Eastern and Western Canada.

Product overview

PBI Actuarial Consultants is an associate-owned actuarial consulting firm offering a comprehensive suite of pension and benefits consulting services. The core offerings include Pension Consulting, Pension Administration, Benefits Consulting, Investment Consulting, and Benchmarking services. The firm also provides specialized tools such as the Manager Fee Calculator and publishes research guides including Government Benefits Guides for Eastern and Western Canada. The company focuses on multi-employer pension plans, group benefit plans, public sector plans, member-funded pension plans, First Nation trusts, endowment trusts, and other institutional funds.

Differentiator

Problem solved

Functional benefit

Products and services

• Pension Consulting Actuarial consulting services for pension plans, including plan design, funding analysis, valuation, regulatory compliance, and member-funded and public sector plans, delivered to institutional plan sponsors and trustees.
• Pension Administration Ongoing administration services for pension plans, including plan management and member servicing for multi-employer and institutional pension plans.
• Benefits Consulting Consulting services for health and welfare plans, group benefit plans, and multi-employer group benefit plans, including plan design, cost management, and drug and other coverage optimization.
• Investment Consulting Investment consulting services for institutional clients, including investment manager evaluation, portfolio analysis, and asset allocation strategies for pension and trust funds.
• Benchmarking Comparative studies and benchmarking services for pension and benefit plans, including the Apples & Oranges Benchmarking Study focused exclusively on collectively bargained pension plans.

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Willis Towers Watson (WTW): International actuarial, investment, and benefits consultancy with significant Canadian pension practice. Direct competitor on pension and benefits consulting, differentiated by global benchmarking and integrated technology platforms.
• Mercer: Global actuarial, benefits, and investment consulting arm of Marsh McLennan with deep Canadian operations across pension and multi-employer plan consulting. Overlaps directly with PBI on pension administration and benefits advisory, but competes at much larger scale with bundled investment management.
• HUB International: Canadian insurance brokerage and benefits consulting platform with retirement and group benefits advisory practices. Overlaps with PBI on benefits consulting for institutional clients, though HUB's core is brokerage distribution.
• Morneau Shepell (now TELUS Health): Pre-eminent Canadian benefits, pension, and HR consulting firm acquired by TELUS Health. Directly overlaps with PBI on benefits consulting and pension administration but operates at much larger scale with technology-enabled delivery.
• Buck (acquired by Conduent): North American actuarial, benefits, and retirement consulting firm serving mid-market and large employers, including multi-employer plans. Comparable service mix to PBI with broader technology-enabled administration capabilities.
• Aon: Global professional services firm with a major actuarial and retirement consulting practice in Canada. Competes head-to-head with PBI on multi-employer pension mandates and benefits consulting while offering a far broader risk and brokerage portfolio.

Others

• Koskie Minsky LLP: Canadian law firm with a leading practice in pension, benefits, and multi-employer plan matters. Adjacent rather than directly competitive — frequently a co-advisor with PBI on collectively bargained plan sponsors — making it a useful ecosystem peer.

Emerging players

• LifeWorks (now TELUS Health): Canadian-origin employee benefits and pension administration provider that merged into TELUS Health. Comparable on pension administration services to PBI's smaller administration book, with stronger technology and scale post-merger.

Direct peers

• Eckler Ltd. Canadian actuarial and pension consulting firm headquartered in Toronto with a similar mid-market institutional focus. Closely comparable to PBI on pension and benefits advisory and the most direct Canadian-headquartered peer in the dataset.
• Segal Group: North American consulting firm highly specialized in multi-employer and Taft-Hartley plans — the same collectively bargained segment PBI targets. Comparable business model and client base, making Segal PBI's most relevant cross-border niche peer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/PBIActuarial
• LinkedInlinkedin.com/company/pbi-actuarial-consultants

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 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 Pbi Actuarial Consultants