Spence and Partners, leading actuaries, pension consultants and pension scheme administrators, has recently celebrated its 10th anniversary by posting record financials and increased staff numbers. This number continues to grow as Ian Morrice becomes the newest appointment to join the company on 9th June.

Now recognised as a leading industry commentator Spence & Partners have been successful in carving out an enviable niche in a highly competitive sector. The firm’s in-depth understanding of the complex issues involved in the modern pension environment has taken them from an initial staff count of eight to more than 50 people today.

Joining the pension consultancy team Ian brings 23 years experience and specialism in risk finance, expertise Brian Spence believes supports Spence & Partners’ client’s objectives, “We are delighted to welcome Ian to the company. Ian’s areas of expertise will bring a rich new dimension to the service we offer our clients and continue to enable Spence & Partners to provide tailored advice based on our clients specific needs”.

Ian, a qualified accountant, joins the company from Guy Carpenter where he led on all longevity-related business. Beginning his career as an actuarial trainee Ian spent eight years with ITT London & Edinburgh. Previously, Ian has held positions for JLT and has been involved in financial modelling for longevity based hedge fund as well as the origination, analysis, structuring and transaction of longevity-based business.

Ian’s role with Spence & Partners will include pension’s consultancy and advisory services and identifying business development opportunities. Brian Spence explains how the firm has adapted successfully to the major changes contained within the Pensions Act 2004, which had far-reaching consequences for the industry.

“This decade has seen major changes in the way the pensions industry operates and the way pension professionals have had to adapt to new circumstances. The tightening of regulation and scheme governance has created new challenges and the establishment of the Pensions Regulator and lifeboat schemes has altered the landscape.”

“The continued acquisition and retention of quality advisors and consultants is crucial in meeting the growing demands of the industry and our clients, and the inevitable emerging challenges of the next 10 years.”

Spence & Partners is a leading firm of actuaries, consultants and pension scheme administrators.  Through sister company Dalriada Trustees Limited we also provide independent trustee services.

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