Advisory services

Saying this, we feel it is just as important not to bombard our clients with information for the sake of it. Our approach is to keep our clients informed about issues that will ultimately and materially impact on their pension schemes. Our communications provide timely, but succinct, advice on the generic issues. These are followed up with specific written or verbal advice as appropriate.
 

 Overview

 
Our clients tell us they value our advice because we say what we think and go the extra mile to provide solutions that address their real issues. This is what makes Punter Southall different.

Another differentiator is the depth of resource offered by the Punter Southall Group.  We have specialist teams covering all the services needed by defined benefit pension scheme trustees, including:

  • guidance to trustees on the implications of their sponsoring employer's proposals for pension scheme redesign
  • investment consulting solutions that deliver across the whole spectrum of trustee requirements
  • advice on assessing and monitoring the employer covenant
  • expertise in buy-outs, buy-ins and other de-risking products
  • advice on corporate activity affecting the pension scheme, including corporate transactions
  • advice relating to re-broking and monitoring of trustees’ insurance arrangements
  • individual advice to pension scheme members
  • advice on the management of Pension Protection Fund levies

 

 Insights and views

 
    Countdown to Flexiday Briefing Note Issue 8 - DC trusts - implement or facilitate?
    9 December 2014

    Amidst continued media excitement about the new flexibilities, trustees of defined contribution (DC) schemes and sections now need to decide exactly how they will implement the new flexibilities.

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    Autumn Statement Pensions Update
    4 December 2014
    The Chancellor’s Autumn Statement was light on pensions details. This will have come as a welcome relief to most of those involved in pension schemes, who are still reeling from the implications of the Budget announcement and the seemingly endless series of amendments to the two pensions Bills before Parliament.
     
    The only significant new announcement was that beneficiaries of people who die under the age of 75 with a joint life or guaranteed term annuity will be able to receive any future payments from such policies tax-free. This will only apply where no payments have been made to beneficiaries before Flexiday (6 April 2015). The tax rules will also be changed to allow joint life annuities to be paid to any beneficiary. Where the member was over 75 at death, the beneficiary will pay income tax at their marginal rate, or 45% if the funds are taken as a lump sum payment (marginal rate from 2016/17).
     
    These changes will largely align the tax treatment of annuities on death with the treatment already proposed for drawdown and lump sums. This does not appear to apply to scheme pensions from defined benefit schemes, although we await further details of the proposals.
     
    The Government has also confirmed that it will not make changes to the age limit of 75 at which tax relief can be claimed on pension contributions.
     
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    DC Schemes: race for the finishing line
    2 December 2014

    Trustees of defined contribution schemes and sections have never been so busy!   6 April 2015 is fast approaching, when the new legal governance requirements and default fund charge cap come into force. 

     

     



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    De-risking Bulletin Impact of the budget changes
    27 November 2014

    One of the most talked-about topics in pensions this year has been the announcement in the budget enabling people to take more cash from defined contribution (DC) pension schemes.

     



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    EIOPA presses ahead with holistic balance sheet
    14 November 2014
    On 13 October 2014, the European Insurance and Occupational Pensions Authority (EIOPA) published a further consultation on the holistic balance sheet. A few days later, on 23 October, the European Commission issued the latest
    draft of its revised Institutions for Occupational Retirement Provision (IORP) directive. This briefing note looks at these latest developments in European pensions regulation.​
     
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    Visit the Industry Insights page for news and views on the latest industry developments
 

 Events

 
    Public Sector Outsourcing: Pensions on Local Authority Contracts
    15 January 2015
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    Charities and Non Profit Sector: Addressing the Pensions Challenge in 2015
    29 January 2015
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    Getting Ready for Your Next Pension Scheme Valuation
    11 February 2015
    Read more
    Trustee Training - Trustee Knowledge and Understanding (Intensive)
    18 February 2015
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    Member Communications: Will you be ready for 'Flexiday'
    24 February 2015
    Read more
    Trustee Training - Trustee Knowledge and Understanding (Intensive)
    15 April 2015
    This course addressed the knowledge and understanding requirements
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    Getting Ready for Your Next Pension Scheme Valuation
    21 May 2015
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    Trustee Training - Trustee Knowledge and Understanding (Intensive)
    15 September 2015
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    PS Annual Pensions Conference 2015
    1 October 2015
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    Getting Ready for Your Next Pension Scheme Valuation
    26 November 2015
    Read more
    Trustee Training - Trustee Knowledge and Understanding (Intensive)
    11 December 2015
    Read more
    Visit the Events area for all forthcoming Punter Southall seminars, conferences and events
    Speak to us

    Speak direct to our specialists in this area
    Adam Stanley
    Head of Trustee Services
    Or call us on
    020 3327 5000