Mergers & acquisitions, Announcements, Pensions

PSIT and HRTL rebrand as Punter Southall Governance Services

Following the merger of PS Independent Trustees (PSIT) and HR Trustees (HRTL) in January, the business has now rebranded as Punter Southall Governance Services (PSGS).

PSGS Managing Director Wayne Phelan said:

“Our new name reflects two things. First, 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 brands.

“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 plc at the start of the year.”

The HR Trustees name will continue to be used by the specialist Pension Protection Fund (PPF) team within PSGS in their work with the PPF.