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

 
    Stormy waters ahead for pensions?
    6 September 2016

    ​Whilst we may have seen fewer thunderstorms this year than in previous summers, there has been no shortage of developments which could signal stormy weather ahead for pensions, including a Cabinet reshuffle, recent high-profile developments relating to the British Steel and BHS pension schemes and the prospect of a new Pensions Bill. All this takes place in the context of the vote to leave the European Union, which we have already considered in our briefing note ‘What does Brexit mean for pension schemes?’.

    Read full pensions bulletin here

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    21st century trusteeship and governance
    24 August 2016

    ​In July 2016, the Pensions Regulator (TPR) published a discussion paper on how trustee boards can meet the challenge of pension scheme governance in the changing pensions and economic landscape of the 21st century. TPR is seeking views by 9 September 2016 on a number of topics, including whether there should be minimum qualifications for professional trustees or Chairs of trustees and whether Chairs should be required to produce a governance statement for defined benefit (DB) schemes.

    Read full briefing note here

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    What does Brexit mean for pension schemes?
    26 July 2016

    On 23 June 2016, the UK voted to leave the EU, but it remains unclear when our exit (otherwise known as ‘Brexit’) might be triggered and on what terms. In the face of such uncertainty, trustees and sponsors of pension schemes should be considering the short-term effects on their funding and planning for the possible longer-term implications of Brexit.

    Read full briefing note here

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    What options are there for managing the DC governance burden?
    20 July 2016

    ​In November 2013 the Regulator introduced a Code of Practice (Code) for the governance and administration of trust based DC schemes. Legislation came into force on 6 April 2015 introducing further requirements, including a mandatory annual Chair’s statement. A new update Code, together with accompanying guidance, is to come into force on 28 July. This note explores the options available to trustees and sponsors looking to manage their DC governance burden.

    Read full briefing note here

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    Deficits of UK DB schemes reach all-time high
    6 July 2016

    Brexit impacts will be evident on companies’ balance sheets at 30 June 2016, with historically low bond yields leading to lower discount rates which in turn increase the value of DB pension liabilities. We take a look at what Brexit means for sponsors of DB pension schemes, and in particular the immediate impact on accounting assumptions. We also cover the pensions problems currently being experienced by BHS and British Steel, as well as the usual updates on PPF levies and the buy-out market.

    Read full bulletin here

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    Visit the Industry Insights page for news and views on the latest industry developments
 

 Events

 
    Trustee Knowledge & Understanding (TKU) Course **FULLY BOOKED**
    6 October 2016
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    Trustee Knowledge & Understanding (TKU) Course
    14 October 2016
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    Maturing Gracefully: End Game Planning for Pension Schemes
    1 November 2016
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    Pension Scheme Valuations in a Post-Brexit World
    9 November 2016
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    Pension Scheme Valuations in a Post-Brexit World
    10 November 2016
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    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