The Pension Protection Fund (PPF) has today announced it has appointed Quantum Advisory to its Specialist Administration and Actuarial Services Panel (SAASP).
The SAASP plays a key role in processing schemes through the PPF assessment period. It allows the PPF to determine with accuracy if a scheme has sufficient assets to buy out benefits with an insurer or if it will need to transfer into the fund.
Quantum Advisory will join Broadstone Pensions, Barnet Waddingham and Spence & Partners, which have all been on the panel since it was launched in 2016.
Dan Collins, PPF panel relationship manager, said: “Since we launched the SAASP, we’ve not only been able to improve our services to trustees and other PPF panel advisers, but we’ve been able to speed up our assessment of schemes after their employer has failed. Our aim throughout this period is always to identify the best possible outcome for scheme members and to provide them with clarity around their financial futures as quickly as we can.”
He added that Quantum Advisory’s high level of experience, knowledge and core values was impressive and “feel confident they’ll work well with our other panellists, share ideas and further improve processes for the betterment of scheme members”.
Joanne Eynon, partner at Quantum Advisory, said: “Employer insolvency can be a very unsettling time for scheme members and it’s extremely important that we work with the PPF and other panel firms as quickly and as efficiently as possible during the assessment period so there can be some certainty for members on the benefits they will receive.”
She added: “This was a very competitive selection process, and it is testament to the dedication and expertise of our team that we have been selected.”