MGAC Member - Novaster Actuarios y Consultores

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About Us

Novaster is a Spanish independent partnership of actuaries and pension consultants that began in 1985.

Novaster integrates the efforts and experience gained over almost 30 years in the different fields of consultancy applied to the business environment. Novaster offers a broad geographical coverage both in Europe and Latin America, as well as direct and personal attention to our clients.

Novaster has actively participated in the development of social benefits for Spain and Latin America, advising both Governments and private companies in design, development and management of pension systems, and regulators in issuing legislation and training.

Novaster also advises Pension Fund Managers as well as the Board of Directors of Pension Funds.

Novaster is also specialized in training inside areas where we have extensive experience and knowledge. Our procedures are clearly results focused. Our training system gives priority to useful targets always supported by legal terms and conditions which are constantly updated.

Novaster in Latin America

Novaster has actively participated in the development of Pension Plans in Latin America, providing consultancy to both regulators and pension funds managers and pension plan sponsors.

Novaster has focused in countries belonging to the International Association of Supervisory Bodies Pension Funds (AIOS): Argentina, Bolivia, Chile, Colombia, Costa Rica, El Salvador, Mexico, Panama, Peru, Dominican Republic and Uruguay.

In Latin America Novaster offers its full range of services, but especially focuses on:

  • Regulation of benefit payments, actuarial and risks issues (for regulators)
  • Risk Control of Pension Funds
  • Training
  • Pension Funds Governance
  • Actuarial valuations
  • Design of local pension plans for multinational companies  


Pension consulting

  • Actuarial
  • Legal
  • Strategic

Investment consulting

  • Risk Control
  • Investment Policies, Asset Allocation and Performance Attribution
  • Governance
  • SRI
  • Alternative Investment


  • Trustees
  • Pension Fund Managers, Insurance Companies, HR departments

Latin America

  • Governments
  • Pension schemes for private companies 

Corporate Philosophy

Our aim is to give the best advice to our clients. Novaster takes care of its consultants profile, guaranteeing:

  • Proven expertise and skills
  • Continued training and professional development by Novaster
  • Minimum experience of 7 years for consultants with direct responsibilities with clients

Novaster has a Code of Ethics where the main values are:

  • Honesty (legal compliance, loyalty, confidentiality, integrity)
  • Professional attitude (transparency, client focused, quality, innovation, training, relationship with stakeholders)
  • Responsibility (universal principles for Human Rights, Labour Rights, Environment)

We really believe in incorporating Environmental, Social and Governance (ESG) practices in our daily tasks, especially for pension funds. Therefore, Novaster is:

  • Signatory to Principles of Responsible Investment of the United Nations UN-PRI (first pension consultant in Spain)
  • Signatory to UN Global Compact
  • Founder of Spainsif, the Forum of Social Responsible Investment in Spain (linked with other European SIF)

MGAC's Network

The MGAC was founded in 1991 by independent actuarial and consulting firms from around the world who have ever since been working closely with one another in order to meet their client’s needs for international actuarial advice. The network meets regularly to discuss trends, share ideas and foster strong business relations. 

Comprising 25 actuarial consulting firms and employing over 6000 people across six continents the MGAC enables our member firms around the globe to work together to provide clients with high-quality services related to the design, administration and communication of employee benefit plans. The MGAC also has extensive links with organizations in other countries not formally represented, and is ready to assist wherever required.

The map below shows where our member firms are located. 

General Enquiries

If you have any queries on any of our services, including:

  • Corporate governance & global benefits consulting, strategy & audits
  • Executive pensions for multinationals, expatriates & International Pension Plans
  • IAS19 & Local GAAP accounting co-ordination
  • International M&A
  • Multinational Pooling

please use the form below to make a general enquiry, or contact your local MGAC member. 

Shaun Southern
Shaun Southern


Simon Coomber
Simon Coomber


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