Punter Southall wins £67m BACS fund brief

UK – Pensions and benefits consultancy firm, Punter Southall, has been appointed as actuaries and administrators to the £67m (€107m) defined benefit (DB) pension fund of BACS, the global automated clearing house company.

According to Punter Southall, BACS awarded the firm the mandate because of its service-led approach, reputation and technical systems.

The BACS pension fund has some 950 members and pensioners.

As well as having offices throughout the UK, London based Punter Southall also has an office in Boston.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2503

    Asset class: Equities.
    Asset region: Emerging Markets.
    Size: EUR 30m.
    Closing date: 2019-01-31.

Begin Your Search Here