For us, investment strategy is a conversation rather than a lengthy, indigestible report. Our consultants provide the support and explanations needed as the conversation progresses, focusing on the areas of greatest interest to the trustees.
When discussing investment strategy options with trustees, we work closely with the Scheme Actuary. This will often be a First Actuarial colleague but can just as easily be a third-party actuary.
Our in-house software helps trustees choose between investment strategies.