Archive for September 2006

Brian Spence

In a reversal of the traditional economic relationship between Scotland and Northern Ireland, actuaries Spence & Partners has expanded from its Belfast origins to grab a significant foothold in the Scottish market only two years after opening an office in Glasgow.

Established in 2000 Spence & Partners now employs 18 people in its Belfast head office and 10 in Scotland.  The Glasgow office opened early in 2004 and has grown both its turnover, by about 25% to £2.5 million, and its staff ever since. The firm is presently positioning itself for a further surge in demand for its services with a range of senior appointments. Read more »

Brian Spence

As easy as A DC?

We’re now well in to the new regulatory environment somewhat ironically called pension “simplification” (clearly somebody needs to buy HMRC a dictionary or at least a quick and easy guide on how to use one) and the supposedly level playing field imposed between trust and contract based pension arrangements and some interesting issues have begun to emerge.  Read more »

Brian Spence

In a reversal of the traditional economic relationship between Scotland and Northern Ireland, actuaries Spence & Partners has expanded from its Belfast origins to become the largest independent, privately-owned actuarial firm servicing the SME sector in Scotland within two years of opening an office in Glasgow.

Established in 2000, Spence & Partners opened its Glasgow Office in 2004 and has grown both its turnover, to £2.5 million, and its staff ever since. The firm is presently positioning itself for a further surge in demand for its services with a range of senior appointments. Read more »

Brian Spence

Open Letter to Holyrood

Dear Sir,

There has been a huge increase in the number and size of not-for-profit organisations over recent years, fuelled by local authorities’ appetite for out-sourcing public sector services. Most of these bodies are small, run on tight budgets and receive much of their funding from the public purse. Significant growth in this sector continues as the government seeks to control its public spending by laying off liabilities to these private sector suppliers. Read more »

Brian Spence

Communication breakdown

The law of unintended consequences, more generally known as Murphy’s Law, asserts that all actions have at least one unintended or unanticipated consequence. Many employers with pension schemes could find themselves something of a hostage to fortune shortly as a recent bit of pension legislation forces scheme trustees to communicate with their members. I note with interest the drafter’s fiendish requirement to communicate with rather than simply provide information to. Read more »

Page 1 of 11