View more on these topics

PPF selects Punter Southall as outsourced scheme caseworker

The Pension Protection Fund has selected Punter Southall as the preferred outsourced caseworker for annuitised schemes that are applying for compensation from the Financial Assistance Scheme.

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.”


Rethink on spreading assets

Advisers are moving away from spreading client assets across multiple platforms in favour of one or two propositions, says Adnitor.

Investment clock economic update

In the latest Investment Clock economic update, Ian Kernohan, Senior Economist at Royal London Asset Management, discusses the implications of the US Federal Reserve’s recent hike in interest rates and upcoming French presidential election. The value of investments and the income from them is not guaranteed and may go down as well as up and […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm