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LEADING INDEPENDENT PENSIONS ADVISOR REACHES £1 BILLION IN CLIENT ASSETS

Milestone highlights firm‘s commitment to providing bespoke value for money services, says BBS

The South West‘s largest independent provider of outsourced pensions and actuarial services has reached an important milestone after it announced that client pension assets have exceeded £1 billion.

Bristol-based BBS specialises in running pensions schemes on behalf of businesses in the SME (small to medium sized enterprise) sector.

Director James Stanfield said: “Although we are an outsourced service provider we take great pride in the fact that many of our clients actually view us as their own in-house pensions team.

“Our steady growth over the past few years has been based mainly on word of mouth referrals from our extensive client-base who recognise and appreciate that we offer a more personal, bespoke service compared to some of the industry‘s financial giants, who try to push a ‘one size fits all‘ service onto their clients.”

He added that while many of BBS‘s competitors will have their actuarial services in one building, their pensions consultants in another and their administration team in yet another, BBS‘s owners and employees all work together under one roof and meet regularly to share client information.

“I believe we offer something a little bit different which is personal, transparent and straightforward,” he said. “Pensions can be difficult things to understand, so we do all we can to try to demystify what can at times be extremely complex issues and translate them into language which trustees and scheme sponsors can understand.

“We also recognise that in any business relationship you have to keep adding value, and there are a number of ways we do that at BBS, primarily through the introduction of additional services but at no additional cost.”

Mr Stanfield said a good example of this was the recent introduction of the BBS “4mybenefit” service which gives trustees, sponsors and members of a pension scheme online access to all their pension arrangements.

“Any company thinking of outsourcing its pensions arrangements wants to be reassured that they are dealing with a services provider which has the expertise and capacity to properly look after their funds, and this milestone of £1 billion in client assets at BBS sends a strong message that we are more than capable of being that provider,” added Mr Stanfield.

Milestone highlights firm‘s commitment to providing bespoke value for money services, says BBS

The South West‘s largest independent provider of outsourced pensions and actuarial services has reached an important milestone after it announced that client pension assets have exceeded £1 billion.

Bristol-based BBS specialises in running pensions schemes on behalf of businesses in the SME (small to medium sized enterprise) sector.

Director James Stanfield said: “Although we are an outsourced service provider we take great pride in the fact that many of our clients actually view us as their own in-house pensions team.

“Our steady growth over the past few years has been based mainly on word of mouth referrals from our extensive client-base who recognise and appreciate that we offer a more personal, bespoke service compared to some of the industry‘s financial giants, who try to push a ‘one size fits all‘ service onto their clients.”

He added that while many of BBS‘s competitors will have their actuarial services in one building, their pensions consultants in another and their administration team in yet another, BBS‘s owners and employees all work together under one roof and meet regularly to share client information.

“I believe we offer something a little bit different which is personal, transparent and straightforward,” he said. “Pensions can be difficult things to understand, so we do all we can to try to demystify what can at times be extremely complex issues and translate them into language which trustees and scheme sponsors can understand.

“We also recognise that in any business relationship you have to keep adding value, and there are a number of ways we do that at BBS, primarily through the introduction of additional services but at no additional cost.”

Mr Stanfield said a good example of this was the recent introduction of the BBS “4mybenefit” service which gives trustees, sponsors and members of a pension scheme online access to all their pension arrangements.

“Any company thinking of outsourcing its pensions arrangements wants to be reassured that they are dealing with a services provider which has the expertise and capacity to properly look after their funds, and this milestone of £1 billion in client assets at BBS sends a strong message that we are more than capable of being that provider,” added Mr Stanfield.

Ends     22nd June 2010

For further information, please contact Louie Hadley 01275 390 552 or louie@sturgessvandame.co.uk