UK – Consulting actuary firm Punter Southall has won the mandate to administer and advise on the £85m (€135m) defined benefit (DB) scheme of Oxford Instruments, a medical and superconductive equipment provider.

Punter Southall, which has supplied actuarial advice to Oxford for the past nine years, replaces Aon Consulting in the extended mandate.

Oxford’s DB scheme currently has over 1,900 members and Punter Southall’s financial arm PFSM has been brought in, as part of the deal, to provide advice on the stakeholder element of the scheme, since the DB side is now closed to new members.