About pension advisers - it's a crowded & competitive marketplace
“First, the sooner the [pension] consultants are subjected to fresh competition, the better.”
Financial Times, July 2004, commenting on the DWP research report on the uptake of the Myners Principles
There's a huge and bewildering array of pension advisers out there and they come in all shapes and sizes.
For example, there are almost 100 different providers of actuarial services alone. Add in the firms that offer all the other benefit services - investment consulting, communications, administration, pension consulting, independent trusteeship and so on - and it adds up to a market packed with hundreds of potential consultants. Our database of leading advisers now exceeds 300 firms and is constantly updated.
New firms appear on the scene, some join forces with others and others even disappear completely. Some have become obsessed with growth by acquisition (especially from overseas) while others try to stay focused on doing what they believe they do best. Almost inevitably, some of the firms that provide multiple services can exhibit conflicts of interest that make dealing with them difficult or even dangerous in certain situations. To discover if any of these conflicts might be a problem for you, click here for more information. The one common denominator is that they are all in a market that is constantly changing as they jockey for position in an increasingly competitive environment.
Make sure you have the best adviser at the right price. Put PAR on your team and you're already well ahead of the game.