Input some basic information about your scheme and see how much it should typically cost to administer for a year
this fee modeller is for defined benefit schemes only
refer to notes
Number of active members
Number of deferred members
Total deferreds and actives
Is the scheme closed to new entrants?
Number of pensioner members
Do you require a
cash management service?
Do require administration of group life assurance scheme?
How is your pensioner payroll administered?
outsourced - additional fee
Total number of calculations assumed
Core administration services
Inclusive within each of the elements is an allowance for ongoing administration system maintenance, scheme management and internal and external compliance with Regulatory requirements and internal procedures and processes
Link to Spence & Partners Administration Services Page
Link to Spence & Partners Data Services page
Annual Statements for members (includes annual production of Summary Funding Statements)
E-mail Mike Selby
New entrant processing
Please refer to our Terms page
Reporting of Management information for Trustees, preparation for and/or attendance at meetings
Provision of information to third parties (e.g. Scheme Actuary)
Correspondence with HMRC / NICO
Non specific member / client correspondence
Additional administration services
Payment of pensions
Group risk administration
AVC processing (including provision of SMPI compliant Statements if required)
Cash management (including processing of contributions)
Preparation of draft Report & Accounts
Estimated annual cost for administration
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