UK / EUROPE – Consulting actuaries firm, Punter Southall, have established a new dedicated investment consultancy subsidiary, Psolve, offering “innovative solutions” to a client base, including pension funds, insurance companies and other institutionals across Europe and the UK.

The new company will be based in London with eight initial full time staff.

According to a spokesperson at Punter Southall, Psolve will differ from traditional investment consultancy by continuing to monitor assets and liabilities after the consultation period. “The idea is to move away from the theoretical consulting approach and focus on client needs on a case by case basis.”

The new company will be headed up by Mike Faulkner and Andrew Drake, who join from Towers Perrin and Danny Vassiliades, who moves in-house from Punter Southall.