Spence & Partners, the largest independent locally-owned firm of actuaries and consultants in Scotland and Northern Ireland, expects to deliver a 15% increase in turnover and staff during 2009.
The firm has offices in London, Glasgow and Belfast and although its Scottish client base accounts for some 60 per cent of its total, an ambitious expansion strategy has secured a significant presence in England.
The plan is to continue competing successfully to advise the small and medium-sized company sector in the UK, together with achieving strong growth in it’s linked professional trustee company Dalriada Trustees.
Unlike other consulting firms, Spence & Partners is focussed totally on the management of final salary pension arrangements for trustees and their sponsoring companies. Established in 2000, the company now has a turnover in excess of £3.3m and employs 36 people.
David Davison, Director at Spence & Partners, said: “I remember opening our Scottish Office in Glasgow at the start of 2004 and thinking how much space there was in the office for myself and our secretary. We’ve recently had to move to much bigger premises to accommodate our 18 Scottish based staff and thankfully these premises have some room for expansion.”
“Pensions issues have been topping the political and economic agendas of late and this has led to a significant rise in demand for our services, particularly professional pension scheme trustee services.
“Our specialists come from a wide financial background and, as many of the issues currently facing companies and trustees revolve around solvency, assets, liabilities and investments, we are perfectly placed to provide the support needed.”