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.