Pension schemes and companies wishing to outsource aspects of their pension provision have many different options in the market to choose from. Each provider will have their own specialisms, expertise and experience, so it’s important to select one that fits your specific requirements, to ensure they offer the most appropriate level of service and value for money.
Isinglass have developed a rigourous approach to reviewing and selecting providers which included detailed questionnaires 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.
Master Trusts are the hottest ticket in town in the DC world at the moment, but with many more than 50 DC Master Trusts in the market and new ‘authorisation’ rules on their way, deciding whether a Master Trust is the right option and if so which one to select is not to be taken lightly.
Isinglass have vast experience of all aspects of considering, selecting and implementing master trusts.
There may be a number of reasons why companies wish to retain governance of their DC arrangement through their existing trustees, but would like to remove the costs of a Third Party Administrator, or simply get a better overall deal. Bundling administration, investment (and perhaps communications) together from a single provider can make a lot of sense and increase cost and practical efficiencies. However, there are many potential providers each offering different propositions, charges, investment ranges, levels of quality etc. So, picking the right provider is critical.
Isinglass can help you agree and prioritise your specific requirements and will then incorporate these into a wider set of selection criteria which might cover areas such as:
- Investment options
- Quality of administration
- Member communications
- At retirement options
- Reputation/brand of the provider etc.
Isinglass can then recommend a shortlist of providers to which a detailed RFP can be sent. Isinglass can then either recommend a single provider or we can can organise and run a beauty parade or site visits.
Third Party Administrator
DB Fiduciary Manager