Prosperis Ltd can act as an independent adviser and consultant
to the Trustees of defined benefit schemes which can incorporate
matters concerning legislative, investment and regulatory
issues.
Some of the areas that we cover in our service proposition to
Scheme Trustees include:
- Advice on scheme design
- Advice on scheme liabilities and investment strategies
- Management of cost base
- Support and advice to trustees and/or employer (if
appropriate)
- Ensuring the introduction of robust administration systems
- Individual financial advice to members, where appropriate
Our research process is very much a bespoke one when dealing
with defined benefit schemes. In some cases, we would recommend
either a consulting actuary or a Product Provider (Insurer) to
provide services complementary to our advice. For example, when
selecting an insurer as a preferred partner, there can often be
certain cost saving advantages, as they will usually administer the
pension scheme and its funds within a fixed annual charge.
Costs are usually fixed as a percentage of the fund and include
all services such as:
- All actuarial services (including triennial valuation and
certification)
- Fund management within a "wrapper"
- Administration
- Documentation
- Annual member statements
- Annual costs review following initial installation period
If you would like us to review your existing final salary
scheme, please give us a call on 0113 234 5528 or complete the online enquiry form and we will give you a
call to discuss your requirements.