Actuarial fees fall for smaller schemes over 2013

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Actuarial fees for small schemes have fallen over 2013 as competition for their business rises, Kim Gubler Consulting (KGC) finds.

In its Annual Actuarial Fee survey, KGC found there was an overall increase in fees for larger schemes. For schemes of 5,000 lives, the average annual actuarial fee rose from around £25,000 in 2...

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