PS Independent Trustees and HR Trustees rebrand
PS Independent Trustees (PSIT) and HR Trustees (HRTL) have rebranded following their merger in January.
The combined business will now be known as Punter Southall Governance Services (PSGS).
PSGS managing director Wayne Phelan explained: "Our new name reflects two things. First is the true depth of services our business offers - trusteeship and outsourced services (such as scheme secretarial and pensions management) are of equal importance to us and this wasn't reflected appropriately in either of the PSIT or HRTL names.
"Secondly, we are now able to align ourselves much more closely with the Punter Southall Group and our sister business within PSG. This followed the sale of the Punter Southall actuarial, administration and investment consulting businesses to Xafinity at the start of the year."
The HR Trustees name will continue to be used by the specialist Pension Protection Fund team within PSGS in their work with the PPF.
More on Industry
Pensions - it's a numbers game
Jonathan Stapleton explains his fascination with numbers...
Phoenix Group looks to acquire rival ReAssure for £3.2bn
Phoenix Group has laid down a proposal to acquire rival life insurer ReAssure Group in a £3.2bn cash and shares deal.
Five stories you may have missed this week
This week’s top stories included KPMG selling its UK pensions practice to private equity-backed firm NewCo.
KPMG sells UK pensions practice to private equity house
KPMG has signed a conditional agreement to sell its UK pensions practice to private equity-backed firm NewCo.
TPR enforcement increases by more than 25% but debt recovery rate remains low
The Pensions Regulator’s (TPR) enforcement actions increased by more than a quarter over the last year but the recovery rate against all recoverable debt sat at just 30%, according to law firm Clyde & Co.
Most read
