Spence Trustee Advisory
Trustee Advisory Services
Trustee Advisory Services
Trustees are tasked with making the right decisions at the right time, based on the information and advice they have been given. Pension schemes are no longer working to an indefinite time horizon, where a check once every three years to ensure that funding plans are broadly on track is sufficient. Changes in funding requirements and volatile investment markets have meant that trustees are increasingly looking to implement decisions around investment strategy, contribution levels and risk mitigation. All advice is focused on reducing risk and inefficiencies and attaining a stable state without large fluctuations in funding deficits, contribution requirements or fee levels. We see it as our role to equip the trustees to question and analyse the information given by the pension scheme advisers to make timely and effective decisions. We keep trustees up to date with changing legislation and regulation and how it will affect the pension scheme and its members. Allowing the trustees to plan for the future and negotiate successfully with the sponsoring employer.
“Effective trustee advice responds to the individual circumstances of the trustees and the pension scheme.”
Effective pension scheme management is the trustees’ responsibility Together with expert consultancy, our Trustee Advisory service provides a range of practical solutions to trustees of occupational pension schemes that meet the objectives of the scheme and the responsibilities of the trustees. Services include: • Administration services. • Actuarial consulting. • General consulting, benefit design and communication advice. • Pension scheme secretarial services. • Strategic investment consulting and Asset liability modelling. • Advice on de-risking, buy-ins and buy-outs. • PPF levy optimisation.
Spence & Partners Spence & Partners is a privately owned UK firm of actuaries, pension consultants and administrators. Established in 2000, our business has grown steadily since; we employ approximately 100 staff across offices in London, Glasgow and Belfast. Spence provides support services to employers and trustees operating workplace pension schemes. Our clients range from large UK PLCs and major Government bodies to small to medium sized schemes, requiring engaged and proactive advisers, actuaries and administrators.
We provide full pension actuarial, consulting and administration services for over 50 schemes and advisory and support services to over 100 trustee boards and sponsoring employers. Our focus on using innovative and technological solutions provides a more efficient and cost effective service. Our professional, caring and approachable team ensures that we are able to provide the very best service for our clients.
Marian Elliott FIA
Head of Trustee Advisory Practice Marian’s experience spans scheme actuarial work, pension scheme administration and investment consultancy. She has particular expertise in pulling together actuarial, covenant and investment advice to provide coherent funding solutions for trustees.
Association of Consulting Actuaries (IACA) Geoffrey Haywood “Young Consulting Actuary High Achievement Award” at the Actuarial Congress in Washington.
Marian also has a number of independent trustee appointments which give her a unique perspective on what it is like to be a client and therefore help her to identify ways in which her practice can improve its service to trustees.
Marian represents Spence at the National Association of Pension Funds (NAPF) and has delivered training sessions to their Financial Director and Trustee Forums. She also carries out regular training sessions for organisations such as the Pensions Management Institute (PMI) and Mallowstreet.
Marian is a Fellow of the Institute and Faculty of Actuaries and holds a formal Scheme Actuary certificate. In 2014, she was elected to the Council of the Institute and Faculty of Actuaries, and received the International
Marian sits on the Editorial Board of Lexis PSL Pensions to provide actuarial input, training webinars and contributes to content relating to the practical implications of changing legislation.
“We understand the real world pressures on trustees in today’s market and we work closely with our clients to cut through the jargon and find clear solutions”
Spence & Partners Limited 22 Great Victoria Street Belfast BT2 7BA T : +44 (0) 28 9041 2000 4 West Regent Street Glasgow G2 1RW T : +44 (0) 141 331 1004 1 Berkeley Street London W1J 8DJ T : +44 (0) 20 7495 5505 E : [email protected] spenceandpartners.co.uk
Authorised and regulated by the Financial Conduct Authority. Registered No. NI37760
Trustee Advisory Services
Trustees are tasked with making the right decisions at the right time, based on the information and advice they have been given. Pension schemes are no longer working to an indefinite time horizon, where a check once every three years to ensure that funding plans are broadly on track is sufficient. Changes in funding requirements and volatile investment markets have meant that trustees are increasingly looking to implement decisions around investment strategy, contribution levels and risk mitigation. All advice is focused on reducing risk and inefficiencies and attaining a stable state without large fluctuations in funding deficits, contribution requirements or fee levels. We see it as our role to equip the trustees to question and analyse the information given by the pension scheme advisers to make timely and effective decisions. We keep trustees up to date with changing legislation and regulation and how it will affect the pension scheme and its members. Allowing the trustees to plan for the future and negotiate successfully with the sponsoring employer.
“Effective trustee advice responds to the individual circumstances of the trustees and the pension scheme.”
Effective pension scheme management is the trustees’ responsibility Together with expert consultancy, our Trustee Advisory service provides a range of practical solutions to trustees of occupational pension schemes that meet the objectives of the scheme and the responsibilities of the trustees. Services include: • Administration services. • Actuarial consulting. • General consulting, benefit design and communication advice. • Pension scheme secretarial services. • Strategic investment consulting and Asset liability modelling. • Advice on de-risking, buy-ins and buy-outs. • PPF levy optimisation.
Spence & Partners Spence & Partners is a privately owned UK firm of actuaries, pension consultants and administrators. Established in 2000, our business has grown steadily since; we employ approximately 100 staff across offices in London, Glasgow and Belfast. Spence provides support services to employers and trustees operating workplace pension schemes. Our clients range from large UK PLCs and major Government bodies to small to medium sized schemes, requiring engaged and proactive advisers, actuaries and administrators.
We provide full pension actuarial, consulting and administration services for over 50 schemes and advisory and support services to over 100 trustee boards and sponsoring employers. Our focus on using innovative and technological solutions provides a more efficient and cost effective service. Our professional, caring and approachable team ensures that we are able to provide the very best service for our clients.
Marian Elliott FIA
Head of Trustee Advisory Practice Marian’s experience spans scheme actuarial work, pension scheme administration and investment consultancy. She has particular expertise in pulling together actuarial, covenant and investment advice to provide coherent funding solutions for trustees.
Association of Consulting Actuaries (IACA) Geoffrey Haywood “Young Consulting Actuary High Achievement Award” at the Actuarial Congress in Washington.
Marian also has a number of independent trustee appointments which give her a unique perspective on what it is like to be a client and therefore help her to identify ways in which her practice can improve its service to trustees.
Marian represents Spence at the National Association of Pension Funds (NAPF) and has delivered training sessions to their Financial Director and Trustee Forums. She also carries out regular training sessions for organisations such as the Pensions Management Institute (PMI) and Mallowstreet.
Marian is a Fellow of the Institute and Faculty of Actuaries and holds a formal Scheme Actuary certificate. In 2014, she was elected to the Council of the Institute and Faculty of Actuaries, and received the International
Marian sits on the Editorial Board of Lexis PSL Pensions to provide actuarial input, training webinars and contributes to content relating to the practical implications of changing legislation.
“We understand the real world pressures on trustees in today’s market and we work closely with our clients to cut through the jargon and find clear solutions”
Spence & Partners Limited 22 Great Victoria Street Belfast BT2 7BA T : +44 (0) 28 9041 2000 4 West Regent Street Glasgow G2 1RW T : +44 (0) 141 331 1004 1 Berkeley Street London W1J 8DJ T : +44 (0) 20 7495 5505 E : [email protected] spenceandpartners.co.uk
Authorised and regulated by the Financial Conduct Authority. Registered No. NI37760
