Pension Adviser Review and Selection Service
Over time, your pension scheme requirements change and provider services evolve. As part of your governance strategy, we can help you to assess your current advisers and where necessary select a new adviser to meet your requirements, whether this is an administrator, actuary, investment consultant, legal adviser or auditor.
Why a Pension Scheme Adviser Review Adds Value
In their guide to good governance the Pension Regulator (tPR) states how important it is that Trustee Boards regularly review the performance of advisers and service providers against documented service standards or objectives. Pi Consulting’s pension adviser review service not only helps you assess your current advisers, it can also help you to review contracts and understand how the various roles and responsibilities contribute to your overall governance framework.
Pi Consulting’s pension review service leverages our extensive market knowledge, independence and the extensive experience of the Pi team. This includes not just our experience as a Third Party Evaluator but also as a primary user of such services through our work as both a scheme secretary and as an independent trustee. This 360 degree perspective on the pension adviser market means whatever type of review is required your Pi consultant will work with you to understand your needs and deliver the assessment process efficiently and cost-effectively. Our services include all aspects of adviser reviews including benchmarking fees, operational assessments to help improve current services, through to a full adviser selection process.
Our experience covers:
- Pension administration
- Investment consultancy and Fiduciary Management
- Auditors and Covenant Advisers
- Legal advisers
- Master Trusts