UK - Alexander Forbes Consultants is offering an implemented consulting service to the trustees of defined benefit pension funds of all sizes.

The new service has been dubbed a 'sat nav' for pension schemes, as it enables schemes to reach their funding destination by the most direct and efficient route.

Jarrod Parker, head of consultants and actuaries, said: "For too long, trustees of FTSE250 companies and SME employers have had to make do with little more than a triennial pension valuation to guide their investment decisions.

"But now we're making a cost-effective implemented consulting solution available to schemes of every size."

Alexander Forbes said the service provided trustees with real-time advice on strategic and tactical asset allocation, recommendations on new asset classes and investment opportunities and guidance on when to replace investment managers to keep schemes on track.