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

 
    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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    Pension scheme levies 2016/17
    21 June 2016

    ​Pension schemes are subject to a number of different levies. This briefing note collates previously published information to help schemes understand how much they can expect to pay in 2016/17.

    Read full briefing note here

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    Scheme funding: the regulator’s ninth analysis
    21 June 2016

    ​In June 2016, the Pensions Regulator (TPR) published its ninth annual analysis of valuations and recovery plans, covering valuations with an effective date falling in the year to 21 September 2014. The analysis covers scheme demographics, assumptions used and details of recovery plans.

    Read full briefing note here

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    Does British Steel consultation open up Pandora’s box?
    8 June 2016

    ​On 26 May 2016, the Department for Work and Pensions (DWP) issued a consultation setting out a range of radical options that could potentially help the British Steel Pension Scheme (BSPS). Whilst the consultation is apparently only focused on the BSPS, it opens up the question of whether similar options could be made available to any pension scheme with a weak employer. Some of the options proposed could also have implications for PPF levy payers.

    Read full briefing note here

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

 Events

 
    Getting Ready for Your Next Pension Scheme Valuation
    14 September 2016
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    Punter Southall Annual Pensions Conference 2016
    29 September 2016
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    Trustee Knowledge & Understanding (TKU) Course **FULLY BOOKED**
    6 October 2016
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    Getting Ready for Your Next Pension Scheme Valuation
    24 November 2016
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    Trustee Knowledge & Understanding (TKU) Course
    8 February 2017
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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