Forth Ports Group has appointed Punter Southall to provide a range of actuarial and investment consultancy services for its defined benefit (DB) pension scheme.
The scheme has approximately 2,500 members and assets of around £250 million.
The Scottish ports group, which comprises ports in Grangemouth, Dundee, Leith, Rosyth, Methil and Burntisland, conducted a tender exercise to find a provider for these services.
Drew McManus, pensions manager at Forth Ports based in Grangemouth, said: “The trustees are delighted to have appointed Punter Southall, having been impressed by its innovative thinking and engaging style.”
Gerry Devenney, head of Punter Southall’s Edinburgh office, added: “We look forward to working with the trustees and its in-house pensions team in the years to come.”
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