Punter Southall will be tasked with providing assistance and support to the trustees of roughly 170 schemes, which commenced winding up prior to April 6, 2005, have qualified for FAS and have had their assets committed to an insurer.
This is the first time that the PPF has outsourced such a service. The Punter Southall team, led by principal Alan Wilkes, will take on the role with immediate effect.
Wilkes says: “We are delighted to have been appointed as the PPF’s first ever external case worker.
“Our team is looking forward to assisting trustees in the acceleration of the process through which members can receive assistance for their otherwise lost pensions.
“We are also looking forward to building a strong and lasting relationship with the PPF.”
PPF director of delivery Peter Walker says: “We appointed Punter Southall as the caseworker to help trustees of annuitised schemes applying for FAS assistance after a rigorous tender process.
“Their knowledge and experience in working with trustees will provide the support we need to make sure that FAS scheme trustees get the best possible support from the PPF during what is a time-consuming and complex process.”