UK - Punter Southall Financial Management (PSFM), the financial management arm of consulting actuaries Punter Southall & Co, has been appointed by A Jones & Sons to set up its stakeholder pension scheme.
As part of the appointment by the boot making company, PSFM will advise on an employer contribution scale for eligible employees and associated group risk benefits.
The pension scheme will be open to Jones’s 750 employees.
By Janet Du Chenne
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter