Actuarial costs: Why medium-sized schemes are paying vastly different fees

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Some medium-sized pension schemes are shelling out more than three times the fees paid by other schemes with no difference in service levels. We look at the issues involved.

Actuarial consultant Atkin & Co said fees quoted can range from £15,000 to £50,000 for carrying out a triennial valuation for the same scheme and from £3,000 to £15,000 for an FRS17 exercise. Di...

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