Posts Tagged ‘Spence Approach’

Brian Spence

Spence & Partners, the UK actuaries and consultants, today announced their appointment by Edinburgh Airport Pension Plan for their award-winning, fully-integrated approach to DB scheme management – ‘The Spence Approach’.  Services to the 329 member, £95 million Plan will include actuarial, investment and pension scheme administration.

Brian Spence, Scheme Actuary to the Plan at Spence commented: “Trustees are looking for greater scheme transparency and a more joined-up approach to funding, investment and governance.  Our Mantle® system allows schemes to make informed decisions around their funding at any point in time, based upon the live administration and investment data – what we see, they see.  Trustees are no longer looking in the rearview mirror; instead they can be fully responsive to funding opportunities that will benefit the scheme.  We are very pleased to be working with Edinburgh Airport and the Trustees.”

Nicky Muldoon, Head of Procurement and Trustee of the Pension Plan commented: “Appointing an adviser with a fully integrated scheme management approach was something we at Edinburgh Airport and trustees of the airport’s pension scheme identified as a key measure to protect the long term benefits for scheme members, and the appointment of Spence and Partners will deliver on both of those fronts.  We are pleased to be working with Spence and Partners and look forward to a successful relationship with them.”

Alan Collins

Spence & Partners, the UK actuaries and consultants, today announced their appointment by The LS Starrett Company Limited Retirement Benefits Scheme for their award-winning, fully-integrated approach to DB scheme management – ‘The Spence Approach’. Services to the 475 member, £25 million Scheme will include actuarial, investment and pension scheme administration.

Alan Collins, Head of Trustee Advisory Services at Spence commented: “In a post-Brexit environment trustees are looking for greater scheme transparency and a more joined-up approach to funding, investment and governance. Our Mantle® system allows schemes to make informed decisions around their funding at any point in time, based upon the live administration and investment data – what we see they see. Trustees are no longer looking in the rearview mirror; instead they can be fully responsive to funding opportunities that will benefit the scheme. Ultimately, we are giving trustees and sponsors of all schemes levels of analysis and advice that is usually reserved for schemes with much larger budgets. We are very pleased to be working with LS Starrett and the Trustees.” Read more »

Brian Spence

Spence & Partners, the UK pensions actuaries and administration specialists, scooped their second award of the year last night at the European Pensions Awards 2015. The company was awarded the Pension Scheme Administrator of the Year title for their ‘Spence approach’* for defined benefit (DB) pension schemes at a prestigious ceremony at London’s Grosvenor House Hotel.

Spence were judged against their peers by a panel made up of professionals from across the European pensions sphere, including providers, pension funds, consultants and representatives from various European pensions and investment associations

Brian Spence, CEO of Spence and Partners, commented: “We recognised some time ago that pension schemes are no longer working to an indefinite time horizon and needed new and innovative solutions to help them, so we developed our services accordingly.  To say we are thrilled to receive this award, our first for administration, is an understatement. We are incredibly proud of the service and have worked hard to carve our niche in this market so to be recognised by such influential and expert industry colleagues from across Europe, against such stiff competition, is a fantastic acknowledgement of the hard work and dedication of our team in putting it together. Read more »

Gillian Lister

Spence & Partners, the UK pension actuaries and administration specialists, today announced their appointment by Northampton-based Wintle Heating and Plumbing Retirement Benefits Scheme for their award-winning, fully-integrated DB scheme management service – ‘The Spence Approach’. Services to the 40-member, £5 million Scheme will include actuarial, consultancy, administration, payroll, treasury and accounting functions.

Alan Collins, Head of Spence’s Trustee Advisory Practice said: “Our appointment by Wintle complements our growing client base in the south of England.  During the appointment process we were able to demonstrate to the Trustees and the Company how we will work with them to develop and implement clear long-term strategic objectives and focus our time on solving the challenges relating to defined benefit scheme funding.” Read more »

Page 1 of 11