UK - Pensions risk management  and recovery  advisory  company, Pension Capital Strategies(PCS)  has received authorisation to carry out pensions and corporate advisory from the Financial Services  Authority.

The  company  will now be providing a wide range of advice on managing corporate pension schemes, including investment strategies, PCS said in a release. The London-based PCS is a subsidiary  of Jardine Lloyd Thompson Group.

While only a relatively   small portion of PCS' advice will fall under the FSA-regulated  banner, the company  said it demonstrated the seriousness it took the principles of best practice and treating clients  fairly.

According to PCS managing director Charles Cowling  the  move "will provide  greater certainty to our clients and enable us to offer an even broader range of pension services and advice".

Cowling,  who  runs  PCS with Peter Readhead,  joined the company that was  set up at the beginning of this year  from Mercer Human Resources  in July. He had been with the consultants  as  an actuary  for around 20 years.

PCS is to focus on helping corporates  manage  their defined benefits  obligations both on the asset and liabilities sides and to help in developing  funding solutions.