Hard to believe that its a year ago today since we launched ProPensions.  Looking back, October 2019 seems a completely different world, and if I’d known then what was coming down the track I might have thought twice about setting the business up.  But I’m so glad I did. Despite the upheaval and uncertainty of the last twelve months, I’m fortunate and grateful that our growth in the first year has been beyond even our most optimistic expectations.

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From a standing start last year, ProPensions has now been appointed to the trustee board of a number of schemes across the UK, with assets totalling almost £500m providing retirement benefits to over 4,000 members.  We’ve benefitted from some good luck, being in the right place at the right time, and fantastic support from the wider pensions community that we’re incredibly thankful for.

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We’re fully aware that we’re in a privileged position, being in an industry that has remained busy through the turmoil of the last six months.  Looking ahead, with the economic outlook remaining so uncertain and the regulatory burden only set to increase, trustees and companies will continue to require the right support to manage their pension scheme risks.  In our first year we believe we have provided valuable and pragmatic support to trustee boards and sponsoring employers in managing the pension scheme risk alongside the many other risks facing businesses at the current time.

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In normal times the one year anniversary would have been marked with a proper drinks night to say thanks to all those who have helped make this first year a success.  Instead we’ve decided that the money that would have been spent on booze and food would be much better used by a couple of local charities.  We have chosen Calum's Cabin and the Glasgow North West Foodbank.  Hopefully by the time our second anniversary comes round we can do both.

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