UK actuary Punter Southall has launched a new investment consultancy targeting institutional investors, including pension funds.
PSolve will be headed by Mike Faulkner and Andrew Drake - who join from rival consultancy Towers Perrin - and Danny Vassiliades, a principal at the firm.
The initiative aims to devise solutions for clients on a ‘case-by-case’ basis, focusing on specific problems as opposed to using a purely theoretical approach.
Commenting on the launch, Vassiliades added: “PSolve will focus on real client need, rather than trying to fit established products into a place they don’t necessarily belong.”
By Madhu Kalia
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.