UK - Consulting actuaries Punter Southall has today announced the launch of a specialist unit dedicated to retirement planning for senior executives.
The team will be headed up by senior consultant Linda Clark.
The new unit will strengthen Punter Southall’s administration, consultancy and actuarial expertise on Self Invested Personal Pensions (SIPPs) and Small Self Administered Schemes (SSASs), with investment services being provided in conjunction with PSFM, the group’s financial management arm.
Clark is based in Punter Southall’s Edinburgh office and is responsible for building up this team.
She said: SIPPs and SSASs are particularly attractive to individuals such as directors who want to have a flexible pension plan which is separate to the company scheme. By running a joint unit, we can advise clients who wish to make best use of the advantages of SIPPs and SSASs, since our team has extensive expertise in both areas.”
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.