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Pensions Age - July Administration Roundtable

31 July 2018

Muse's Avgi Gregory joins a panel of experts to reflect on what's been troubling administrators in today's challenging pensions world.

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Chris Fagan joins Muse as an Associate Director

12 February 2018

We are delighted to welcome Chris Fagan to Muse Advisory. Chris is an experienced investment specialist and a strong voice on good investment governance, which strengthens our offering to clients and ability to support Trustees in this area.

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Muse Advisory, the independent pensions management consultancy, is delighted to announce that Chris Fagan has joined the team today as an Associate Director.

Avgi Gregory, CEO, said: “We are delighted that Chris has joined Muse. He shares our values and our focus on independence and integrity. He is a highly experienced investment specialist placing strong emphasis on good investment governance and bringing with him extensive relevant experience to strengthen our team”.

Chris Fagan commented: “I am very excited to have an opportunity to work with Muse. In particular, I am looking forward to working with an independent governance specialist where I can use my investment experience to help schemes enhance their governance and ultimately improve investment outcomes”.

Chris was an Investment Director in Willis Towers Watson’s Fiduciary Management Team having previously been a senior investment consultant. He was also a company appointed trustee and investment committee member of the Towers Watson Pension Scheme.

Muse News - July 2017

27 July 2017

We have launched our Administration Oversight service and accompanied it with our thoughts on administration and case studies from some of our recent work.

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Lindsay Hawkins Joins Muse as Client Director

05 April 2017

We are thrilled that Lindsay has joined us. She brings a wealth of experience to our clients and will be leading the development of new governance services.

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Muse Advisory, the independent pensions management and governance consultancy, is delighted to announce that Lindsay Hawkins has joined as Client Director to lead client work and support the development of new governance related services.

Hawkins’ last role was Head of Pensions at Rexam PLC (a FTSE 100 company acquired by Ball Corp.) and prior to that she held in-house roles at Fujitsu and Société Générale Corporate and Investment Bank. She is a Fellow of the Pensions Management Institute.

Avgi Gregory, CEO, said: “As Muse enters its second decade, we remain focused on good pensions governance and administration. I am thrilled that Lindsay is now part of Muse. She brings not only a strong pensions governance and management expertise but also a strong corporate background and skillset to ensure our advice and services remain client centric and pragmatic. Her energy, charisma and positive attitude match Muse’s approach and she will be a key member of the team as we continue to support clients in what is continually a changing and challenging environment’.

Lindsay Hawkins commented: “I am delighted to be joining Muse. I was drawn to the Muse values of integrity, independence and transparency and I have been impressed by the firm’s growth, reputation and client list over the years that I have known them. I am excited to bring my in-house experience to help develop and deliver our services, so that we remain thought leaders on pension governance with a continued strong focus on quality and pragmatism’.

Ian McQuade joins PASA Pensions Dashboard Working Group

15 March 2017

We are delighted that our very own Ian McQuade has joined PASA's Pensions Dashboard Working Group and will play a key role the group in the setting of minimum standards.

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Muse News - March 2017

09 March 2017

Read our latest Muse News for our thoughts on some of the current hot topics and case studies from some of our recent work.

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What does 2017 hold for DC?

02 January 2017

Ian McQuade comments on the outlook for DC in the year ahead in this Pensions Expert article. Click below to read the article (opens in new window).

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Governance, guidance and good investing

26 September 2016

Ian McQuade joins this year's Pensions Expert DC Debate to discuss the current issues. The panelists consider the new code of practice, free guidance and the role of behavioural finance in DC.

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What does the future hold for AE?

26 September 2016

Ian McQuade joins this year's Pensions Expert DC Debate to discuss the current issues. In this article, the focus is on the future of auto-enrolment.

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Barry Mack joins Muse as Client Director

01 April 2016

We are delighted to welcome Barry Mack to our senior team today. Barry joins as a Client Director, and brings his extensive experience and emphasis on good governance and administration to the team.

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Muse Advisory, the independent pensions management consultancy, is delighted to announce that Barry Mack joined the team today as Client Director and a member of the senior team.

Avgi Gregory, CEO, said: “I am thrilled that Barry has joined Muse. He shares our values and our focus on independence and integrity. He also places the same strong emphasis on good governance and administration bringing with him extensive relevant experience to strengthen our team”.

Barry Mack commented: “During these times of continued economic uncertainty, it remains more important than ever that trustees govern and manage their pension funds well. Muse Advisory has an enviable reputation in helping clients to meet their governance challenges, offering leadership, advice and support. I am looking forward to working with my new colleagues at a time when good governance and risk management is on everyone’s agenda“.

Barry was a Partner and Head of Governance at Hymans Robertson, and is a leading figure across pensions, investment governance, DC and pensions administration.

Pensions World - Value Judgement

23 March 2016

Ian McQuade considers how value for members can be demonstrated to the Regulator

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Ian McQuade shares his thoughts on how Trustees can demonstrate to the Regulator that their scheme provides value for members. This was originally published in the April 2016 edition of Pensions World.

Click here to download a pdf of the article.

Muse News - March 2016

07 March 2016

2016 marks our 10 year anniversary and is also a time of change at Muse. Read our latest Muse news to learn about the changes and developments taking place at Muse, which will ensure we are ready for the next 10 years and continue to meet our clients' evolving needs.

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In a break from the usual Muse News style, we are focussing on some of the key developments at Muse as we move into our second decade in business. Click the link below to view this edition.

Muse News - March 2016

How does the UK stack up against global DC?

02 July 2015

Ian McQuade joins the DC debate which puts the UK's retirement reforms in their global context, and compares the adequacy of this country's defined contribution schemes with that of other developed markets.

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Ian McQuade joins the DC debate which puts the UK's retirement reforms in their global context, and compares the adequacy of this country's defined contribution schemes with that of other developed markets. Ian McQuade joins the DC debate which puts the UK's retirement reforms in their global context, and compares the adequacy of this country's defined contribution schemes with that of other developed markets. Ian McQuade joins the DC debate which puts the UK's retirement reforms in their global context, and compares the adequacy of this country's defined contribution schemes with that of other developed markets. Ian McQuade joins the DC debate which puts the UK's retirement reforms in their global context, and compares the adequacy of this country's defined contribution schemes with that of other developed markets.Ian McQuade joins the DC debate which puts the UK's retirement reforms in their global context, and compares the adequacy of this country's defined contribution schemes with that of other developed markets.

Ian McQuade joins the DC debate which puts the UK's retirement reforms in their global context, and compares the adequacy of this country's defined contribution schemes with that of other developed markets.

Ian McQuade joins the DC debate which puts the UK's retirement reforms in their global context, and compares the adequacy of this country's defined contribution schemes with that of other developed markets.Ian McQuade joins the DC debate which puts the UK's retirement reforms in their global context, and compares the adequacy of this country's defined contribution schemes with that of other developed markets.Ian McQuade joins the DC debate which puts the UK's retirement reforms in their global context, and compares the adequacy of this country's defined contribution schemes with that of other developed markets.

Muse Advisory Facilitates Mercury Project

08 April 2015

The Mercury Project, a cost survey for large pension schemes, was recently facilitated by Muse Advisory. The survey, sponsored jointly by Muse Advisory and the respective Trustees of three large DB pension schemes, including the Santander UK and E.ON UK pension schemes, provided valuable insights into the costs of running large private sector pension schemes.

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The Mercury Project, a cost survey for large pension schemes, was recently facilitated by Muse Advisory. The survey, sponsored jointly by Muse Advisory and the respective Trustees of three large DB pension schemes, including the Santander UK and E.ON UK pension schemes, provided valuable insights into the costs of running large private sector pension schemes.

A total of 15 schemes participated in the survey including seven with DC sections. Each participant contributed through a crowdfunding approach and received a comprehensive report. Costs were analysed at the total level and by principal components, namely: Governance, Administration, Investment and DC.

The survey revealed that total costs of managing the scheme ranged from £150 per member to £900 per member. Whilst much of the variation can be explained by the choice of investment strategy and style of implementation, other costs were shown to vary to a similar degree. Participants report they have benefited both from a closer investigation of their own costs and by understanding how those costs stack-up versus comparators.

Mark Hodgkinson commented "Participants found the results particularly valuable as the survey, uniquely, focused exclusively on very large schemes. Perhaps unsurprisingly there is enthusiasm to see the Mercury Project repeated in 2016 and beyond, but in the meantime we are excited to be working with the participants to develop an informal information exchange within the group."

Stuart Dunn, Scheme Pensions Manager at Santander UK stated: "The Mercury project has provided high quality analysis which is not available elsewhere. All participants focused on the quality of the input, which allowed Muse to provide a clear like for like comparison."

Neil Smith, CEO of E.ON UK Pension Scheme added: "I now have a very valuable comparative measure of costs and a basis for better informed resource and cost management decisions. The confidential nature of the group means that we are able to follow up with the group to understand the reasons for any cost differences."

The group are looking to enrich the value of the survey in 2016 by expanding participation amongst eligible schemes. Qualifying criteria for participating schemes were assets of between £2.5bn and £9.5bn and/ or membership of between 20,000 and 80,000. Interested schemes should contact one of the co- sponsors or Ian McQuade at Muse Advisory in the first instance.

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