Spence & Partners, the UK actuaries and consultants, today announced their appointment by the Chartered Management Institute Retirement Benefits Scheme for their award-winning, fully-integrated approach to DB scheme management – ‘The Spence Approach’. Services to the 250 member, £30 million Scheme will include actuarial, investment and pension scheme administration.
Alan Collins, Head of Trustee Advisory Services at Spence commented: “Recent years have presented many difficulties to the operation of defined benefit pension schemes and 2016 showed that as much as ever. It is therefore crucial that trustees and advisors step up to that challenge and pro-actively tackle the issues they face and work collaboratively with sponsoring employers to improve scheme funding levels. I have great confidence that the services we offer will assist all parties in achieving their goals.
This is an exciting and strategic appointment for Spence, as it demonstrates our growing strength in the south of England and also shows our continued strength in providing services to the not-for-profit sector.
We are very pleased to be working with the Trustees going forward.”
Martin Kellaway, Chair of Trustees for the Chartered Management Institute Retirements Benefits Scheme commented: “During the appointment process Spence were able to demonstrate very clearly how they will work with us to manage risk effectively and integrate the liability and asset side of the scheme, to develop and implement clear long term strategic objectives. The Spence approach is fresh and innovative, and we look forward to working with Alan and his team.”