Striking the right balance between achieving good pension governance and containing pension scheme costs by ensuring advisers are delivering value for money is just one of the many demands faced by pension trustees.
Our adviser benchmarking and review services are unique, as our ‘day job’ professional pension trustee and scheme secretary expertise means:
Our client’s pension trustees had lost confidence in their administrator and felt their fees were high and opaque. Using our extensive knowledge of the market, we created a tailored, targeted tender process to find the best-fit replacement.
As a result, the trustees achieved cost savings of over 20% and have a new provider who:
A quick and cost effective way to compare the service pension trustees are receiving and fees they are paying against market practice, without the need to carry out a full pension adviser review.
Our independent benchmarking reviews provide clear, objective information to enable your pension trustees to decide whether they are receiving a value for money service. The results of this fixed fee benchmarking service will enable you to decide whether to maintain the status quo with your current pension adviser, make improvements to their service or proceed to a full market review.
To maximise the benefit, we share:
Our effective full adviser review service comes without the time-consuming hassle typically associated with tenders. From start to finish, we manage an adviser review which is:
Our streamlined process combines objective data from our unique adviser database, practical knowledge of working with a wide universe of pension scheme advisers and our subjective assessment from extensive experience of all major actuarial and investment consultancies, administration providers, pension lawyers and pension scheme auditors
To find out more about how our adviser benchmarking and review services could benefit you, take a look at our service flyer or get in touch to talk it through.
Trustee board effectiveness questionnaire
Trustees still conflicted between fiduciary duties and ESG goals
Master trust selection and transition
Social policies in pension schemes
Risk & Scheme Funding Forum
The TPR Single Code
Value for members assessments - what trustees need to do
PS Governance Services and PSGS are trading names of Punter Southall Governance Services Limited
Registered in England and Wales No. 3021321
Registered office: 11 Strand, London, WC2N 5HR
