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Forbes to help firms face up to pension changes

Alexander Forbes Financial Services has set up a fully integrated client sales, service and administration team to deal with advice issues in the run-up to A-Day for pensions.

The new structure combines all of Alexander Forbes&#39 services, including sales, customer services, actuarial, group and executive consulting, into client-focused teams.

The firm says the teams will service the needs of companies and senior executives in the two years up to the adoption of the new pension regime in April 2006.

Headed by corporate development director Robert Macgregor, the teams comprise 70 consultants structured on a regional basis and operating from 10 offices around the UK.

The firm says many finance directors face the dilemma of resolving underfunded company pension schemes at the same time as addressing the impact of the Government&#39s pension simplification proposals.

It anticipates demand for member education and advice from senior executives who face issues surrounding the introduction of the lifetime pension limit, set at £1.5m for 2006.

Macgregor says: “We have introduced our new structure to provide companies with a single point of contact for both corporate and executive pension advice and service. Our relationship managers will ensure that both company directors and scheme members have access to the most appropriate advice from qualified experts.

“By providing access via a single relationship manager, our clients can be confident that the advice they receive is co-ordinated across their company and it is in the best interests of the employer, pension scheme members, directors and senior executives.”


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