Scheme Actuary

The role of the Scheme Actuary is critical in a DB scheme, but their role has changed over the years, as has the services and approaches they can provide. A long-standing Scheme Actuary can add real value with historic knowledge but a new appointment can bring new ideas , innovation and a greater focus on long-term goals .

A Scheme Actuary review inevitably combines quantitative considerations (e.g. fees, range of services) with qualitative ones (e.g. personalities, approach to innovation). Our process allows each of these to be judged and prioritised.

DC Consultant

DC consulting has developed significantly over the last few years, following similarly seismic changes in DC provision e.g. pension freedoms, investment innovations, member portals and the rise of Master Trusts.

Some consultants have developed their own products , others have focused specifically on investments, some provide facilities to link DC with wider employee benefits, whilst others continue to provide balanced advice across all aspects of DC.

Isinglass can help you decide what sort of services and approach you need both now and in the future.

Legal adviser

Changes to the legal and regulatory background to pensions seems to be a never-ending process , and so the qualities, expertise and experience of a scheme’s legal adviser is more important than it’s ever been. Whilst not necessarily known for their innovativeness, the firms of pensions lawyers have responded to changes in the market (and indeed there have been new entrants to the market). Of course, the benefits of continuing with a long-standing appointment can be great (historical knowledge of the scheme and knowledge of the personalities), but the benefits of a new perspective should not be discounted.

A legal adviser review inevitably combines quantitative considerations (fees, range of services etc.) with qualitative ones (personalities etc.). Our process allows each of these to be judged and prioritised.

Scheme Auditor

The role of the Scheme Auditor is so much more than just signing off the Scheme Report and Accounts. They play an important role in ensuring that the scheme administration (both member record keeping and investments) run smoothly, efficiently and accurately. Therefore, having an Auditor that understands your scheme , how it is supposed run (and actually runs) but still provides value for money is an important aspect for trustees to consider.

Of course, the benefits of continuing with a long-standing appointment can be great (historical knowledge of the scheme and knowledge of the personalities), but the benefits of a new perspective should not be discounted.

A review by Isinglass combines quantitative considerations (fees, range of services etc.) with qualitative ones (personalities etc.), with our process allowing for each of these to be judged and prioritised.