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KGC Actuarial Fee Survey: The results in full

Professional Pensions | 29 Jul 2010 | 11:05

Categories: Industry

Tags: Actuarial profession

Kim Gubler Consulting asked 18 firms to participate in its first actuarial survey, of which 13 responded.

Each firm in the survey was asked to complete a populated spreadsheet stating the fee charge for each sub-service and whether specified tasks were included within this fee.

Providers were asked to cost for five different scheme sizes - 1,000, 2,000, 4,000, 5,000 and 10,000 member - and looked at costs of both open and closed arrangements.

The survey divided the main components within an actuarial service into six sub services - including annual actuarial, triennial actuarial tasks, ad hoc actuarial, periodic actuarial, triennial valuation and corporate

The survey also gave all providers the opportunity to state whether they included any other tasks within any of the sub services in the fee quoted - additional tasks that KGC would normally view as non-core and resulting in an extra fee.

The survey can be viewed at: http://www.professionalpensions.com/digital_assets/1574/KGC_Actuarial_Fee_Survey_2010.doc.pdf

 

Categories: Industry

Tags: Actuarial profession

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