We understand that some of the larger actuarial consultancies and pensions administrators are attempting to implement fee increases in 2010.
There has probably never been a better time for pension scheme trustees and employers to review actuarial advisers and when appointing new advisers they should consider smaller independent consulting firms such as Spence & Partners which offer just as good a service as the large consultancy firms, in fact a much more engaged service, but at a significantly more competitive price.