The Pensions Regulator has recently issued a report on the 2015 Trustee Landscape Research. For your convenience we have summarised the key findings from this report. We have also highlighted, what we think, trustees should consider going forward in our conclusion.
The survey results are based on 816 telephone interviews with trustees from DB, DC and hybrid schemes with at least 12 members.
Click here to download the report now.
If you would like to read the full report from the Regulator, you can download the report here: http://www.thepensionsregulator.gov.uk/docs/trustee-landscape-quantitative-research-2015.pdf
We will be making an upgrade to our telephone system on Monday 27 January 2014. While we have planned for the transition to our new system to be as smooth as possible, callers could experience some difficulties in reaching us from 08:00 to 12:00 on that day. If you do encounter any problems, please try contacting us using our central email address firstname.lastname@example.org.
It is that time of year where it is traditional to reflect on the last twelve months and look forward to the year ahead. It would be nice to say that is has been a relatively calm year in the world of pensions. It is, I guess, for the reader to decide whether that is true or not. Read more »
Brian Spence presented at the ACA conference in February 2013 about the importance of information security for smaller firms. A copy of his presentation is available to download here : Presentation – Brian Spence
We are pleased to say that Spence and Partners have been shortlisted in the Professional Pensions UK Pensions Awards 2013 for Third Party Administrator of the Year. The winners will be announced on Thursday May 2nd at an awards ceremony to be held at the Grosvenor House Hotel in London.
Fraser Sparks has kindly agreed to contribute the following blog for the Spence & Partners’ website. He is a partner at Stephenson Harwood with over ten years’ experience of advising employers and trustees on all aspects of pensions law.
For one reason or another it seems likely that within a very short space of time we will reach a point when virtually all defined benefit occupational pension schemes will have at least one professional trustee on their board. This blog is not intended to be an advertisement for professional trustees; rather it looks at some of the reasons why business is booming in this sector.
One must start by looking at the context within which DB schemes now operate. Most are closed to new entrants – so are no longer relevant to the employer’s recruitment policy; and an ever increasing number are ending future accrual of benefits – and so are no longer relevant to the employer’s retention policy. We have therefore seen a shift in the way pension schemes are managed by employers – this is no longer a human resources issue, it is simply a finance/ treasury issue. Read more »
Well that was the year that was or was is it that’s another fine mess you have got me into or was it bring me sunshine……
Read more »
My name is Daniel Melarkey and I’m a student at The Queen’s University of Belfast currently studying for my BSc in Actuarial Science and Risk Management. As part of my studies I have to complete one year in an industry placement, I was lucky enough to secure this placement at Spence & Partners. I encountered the company through the university placement office and a careers fair at the university.
Spence & Partners was a business I immediately identified as one I would like to work for. The company was a perfect size in that it was big enough that there would be plenty of interesting work and a variety of clients to interact with, but not so big that I would get stuck working in only one department, or doing only one task during my placement year.
I have to say that through the first 6 months of my placement here I have had many opportunities to engage with the business practice areas ,and I’ve definitely found the company size a huge advantage. I have been given a massive amount of freedom, respect and trust at times to go and really get stuck in to things myself. The company has some fantastic business developments in the pipeline and I’ve been welcomed with open arms into new and interesting projects; I’ve been given great opportunities to take my learning into my own hands. It really has been a case where I’ve been getting out of it what I’ve put into it, and I’ve learned skills and abilities in areas I never thought conceivable before starting the placement as a result.
I have been involved with work in every area of the business; gaining great insight into how a company in the financial industry typically operates day to day, whether it be an accounting process, business development, actuarial practice, administration practice or software development – the range in this insight is really fantastic and has given me a confidence where I am now comfortable in tackling any task coming my way.
Further to this, the people here are a fantastic bunch: greatly skilled, helpful, respectful, and there are no egos! Right from the bottom of the company structure to the top everyone makes time for you and have no qualms with lending a hand whatever the situation. I, and the other placement student even got the opportunity to complete a research project for Brian Spence himself within the first few months of our placement – what an opportunity!
Overall Spence & Partners is a fantastic place to work and learn, and it has been a great opportunity for me, giving me some of the skills essential for my final year of university and life beyond.
Browse our website and take a look at our careers page to find out more about working for or with Spence & Partners.