With the 2024 Olympics currently taking place in Paris, today feels like the perfect day to ask yourself the question “Am I getting the most out of my advisers?”

If your answer is “no”, then maybe now is the time to consider passing your baton to Team Vidett, so we can get an adviser review started and moving at full speed. Our experts can make sure your advisers are delivering you the right service, at the right price.

A podium of support

We can assist trustees, corporates and all parties that support a pension scheme with three differing levels of help and support:

• Bronze – A thorough questionnaire that gets to the important issues and ultimately determines if the service(s) you’re receiving are up to the industry mark. This questionnaire can be used by trustees, sponsors, pensions managers and secretariat to help them gather pace on a full and detailed overview of what’s working well, and what isn’t. It can help with improving ongoing relationships, fine tuning your advisers or service providers performance or targeting the next event.
  
  Think of it like a heptathlon,  an event made up of various rounds where you tackle one thing at a time. It may even help promote a benchmarking or tender. By setting a high bar for your advisers to overcome, all parties come out better!
  
  
• Silver –  Whilst thorough, our benchmarking service isn’t a marathon. By comparing your needs to your current costs, we can quickly review your advisers against the field, before highlighting the likely winners for you. This process takes the pain out of being in the ring with advisers and having to wrestle them to the ground!
  
  
• Gold – If you feel your advisers are in last place, then a full or mini tender exercise will thoroughly test the market, and help answer any doubts you may have. Working together, we’ll help deliver the right outcome with a gold medal finish.
   
  A tender is like a track race. But why run the whole 400 metres on your own? Instead, you can share the challenge with our team, whose knowledge, experience and connections will get you over the finishing line.

Next steps

Start your event training alongside Vidett. We can review your lawyers, actuaries, investment consultants, covenant assessors, auditors, administrators and more. Together we can get onto that top step to ensure the best possible outcome for the pension scheme, sponsors and members. With The Pensions Regulator at the starting line, ready to fire the gun, give Vidett the green light and let’s get going. Together we can be a winning team!

If you would like to discuss adviser review and benchmarking, please contact Geoff Winn or one of our Adviser Review and Benchmarking team.