Pension schemes necessarily require input from a many different parties. Each of these bring different skills and specialisms but there are many different options in the market to choose from. It’s important from a governance perspective to monitor and regularly review your existing providers/advisers to ensure that they continue to offer the most appropriate level of service and value for money.
Isinglass have developed a rigourous approach to reviewing a number of different external suppliers based around 360° questioning of (where relevant) trustees sponsoring company and the provider/adviser themselves. This entails both quantitative and qualitative aspects and also covers value for money.
If following the review, it is decided that a wider market selection exercise should be carried out Isinglass again have a rigorous approach to provider selection and implementation exercises. Including detailed questionnaires which can be tailored to focus on your requirements and detailed and up-to-date knowledge of all areas of the market, meaning that we can quickly narrow down the market to a shortlist of viable candidates.