Punter Southall Group becomes largest shareholder in newly merged business

– Punter Southall Group is delighted to announce that the transaction to merge its actuarial, investment consulting and administration businesses with Xafinity plc is now complete

– Merger creates largest “pure play” pension consultancy in the UK market

The Punter Southall Group is delighted to announce that the transaction to merge its actuarial, investment consulting and administration businesses with Xafinity plc (Xafinity) was completed earlier this morning. The merger creates a new, specialist advisory firm with the scale and capabilities to offer a genuine pensions focused alternative to the global consultancies in the industry.

Under the transaction, Punter Southall Limited, Punter Southall Investment Consulting and Punter Southall Administration Limited have been acquired by Xafinity for a combination of cash and shares. As a result, the Punter Southall Group has become the largest single shareholder in Xafinity. The merger has created a business of significant scale, enabling clients of the complementary Xafinity and Punter Southall businesses to benefit from a wider range of services and expertise.

The Punter Southall Group continues to own, operate and invest in its range of specialist businesses across wealth management, workplace saving, and health and protection. As part of the transaction Xafinity’s independent trustee business, HR Trustees, has become part of the Punter Southall Group and has been merged with PS Independent Trustees which significantly expands the Group’s capabilities in this area.

Jonathan Punter, co-Founder and CEO of Punter Southall Group, commented:

“This is an exciting development for the clients and employees of our actuarial, administration and pension businesses. They will benefit from increased scale and expertise through the creation of the largest purely “pensions” consulting firm in the UK market.

“As the largest shareholder we will continue to have a strong connection to this business. At the same time, by combining HR Trustees with our existing independent pension trusteeship business, we have expanded our offer significantly in this area. For the rest of the Punter Southall Group, the merger provides the resources to invest and drive future growth.”

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Getting Ready for Your Next Pension Scheme Valuation

We will bring you up to date with the significant changes that will affect your next pension scheme valuation and the practical implications of the Pension Regulator’s Code of Practice and new risk management framework.

We will also assess the impact of the current low gilt yield environment on forthcoming valuations.Punter Southall’s team of specialists will provide practical guidance for trustees and employers.

You will also have the opportunity to discuss with other trustees and corporate sponsors how others are approaching their upcoming valuations.

– Understanding the implications of the new risk management framework
– How to obtain desirable outcomes from your negotiations
– Understanding how covenant impacts on the choice of valuation assumptions
– Achieving your de-risking and long-term goals
– Understanding the range of assumptions that can be used to assess your scheme’s liabilties

Register for this event

Agenda

08:30 Registration

09:00 Start

10:30 Close with coffee

Location

10-11 Carlton House Terrace
London
SW1Y 5AH

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