What to Look For in an Annuity Search Firm
As a fiduciary, there is a lot to consider when selecting an Annuity Search Firm. More than ever, informed decisions require diligent research to ensure a respondent’s suitability. Unfortunately, standard RFP/RFI responses will not always include certain key factors. To make the right choice, here’s what you need to know:
Due Diligence
Find the right fit.
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Compare the size of the annuity search firm in relation to the size of the annuity placement.
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Ensure honesty and transparency.
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Request Statement of Work
Know what to expect.
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Request a comprehensive list of services.
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Seek clarity on the timeline.
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Gain a firm understanding of the quoted fee structure.Terms of payment:
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Request Sample Documents
Evaluate provider communications.
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Responsibility for incomplete documents and insurance company assumptions can fall to sponsors. Be sure to review sample documents for their efficacy, including copies of:
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With a comprehensive understanding of responsibilities, deliverables, and firm qualifications, you can make an informed decision and ensure a successful Pension Risk Transfer.
October Three is a concept-driven, results-oriented consulting firm. Our transparency, proprietary financial due diligence, clear communications and depth of resources distinguish us from our competitors.
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