Cost

Are you getting value for money?  Do you feel in control of your costs? Are you concerned about
    
    •   Administration costs
    •   Advisor fees
    •   Outsourcing

Administration costs
Staff, premises, IT, consumables, services, and the Pension Protection Fund all contribute to costs, but how do you know they are reasonable? Can they be better controlled?

Solution
A Pension Administration Review can bring an understanding of your costs and highlight
potential savings.

Advisor fees
Actuarial, investment and legal advice are necessary scheme expenses. However, do you know if your bills are reasonable and in line with industry standards? Are they within your budget?

Solution
An independent Review of Advisors can:

    • Identify if you have the right advisors but need to update your fee or other contract terms
    • Highlight improvements to their management
    • Benchmark the service you receive against other advisors
    • Search for a more appropriate advisor who meets your requirements better

Outsourcing
Many businesses prefer to outsource non-core activities, others administer their own schemes. Some have
even insourced again after outsourcing. Many adopt a partial outsourcing approach.

Solution
A Go Pensions Service Delivery Strategy Review will identify the factors involved, so you can make an
informed decision.

For more information about the Go Pensions service, visit Our Services page