Fixed Fee Proposition

In certain circumstances it may be that a fixed fee menu of services may be attractive to you as an alternative to invoicing directly on an adhoc basis whenever work has been completed. You will at least know what your costs will be for the next three years, for example, and be able to budget accordingly. When we discuss fixed fees we would expect the actuaries concerned to quote based on everything they know you will need to run your scheme each year so that you do not receive any nasty surprises on what would be regarded as a “business as usual” service. The only additions to this being your requests outside of the “business as usual” tariff agreed up front.

Our benchmarking service is provided at no initial cost and at no obligation so you have nothing to lose in engaging us to benchmark your scheme(s) but stand to gain the knowledge that there may be a better way to achieve the same result.

This is a concept we believe, has been advocated by Lord Myners since his Corporate Governance report in 2001 under the banner of benchmarking “expert advice”. He also advocates the process of “effective decision making” on the part of the trustees by way of ensuring that they have sufficient in house as well as external support in order to deliver services to the scheme, something that this process will validate.

At Lansdown Place we are happy to help with either Employer or Trustee appointments, regular or one off projects, and have access to investment advice for the same Defined Benefits schemes including Liability Driven Investment Models and software modelling tools that allow you to project the effect of proposals in real time before you have spent money on costly hours of “what if” proposals.

We would welcome your call to discuss these services should you feel that they would be of use where our senior corporate consultant, Steve Brice will be happy to talk through your requirements.