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.”