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 Ltd, Barnet Waddingham LLP and Spence & Partners Ltd, who 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.
“We’ve been impressed with Quantum Advisory’s high level of experience, knowledge and core values, and feel confident they’ll work well with our other panelists, share ideas and further improve processes for the betterment of scheme members. We very much look forward to working with them.”
Joanne Eynon, Partner at Quantum Advisory commented: “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. This panel is central in providing the tools to allow schemes to navigate this complex situation carefully and we are very pleased to be a part of it going forward.
“This was a very competitive selection process, and it is testament to the dedication and expertise of our team that we have been selected. We are looking forward to working and sharing ideas with industry peers as the fourth firm on the SAASP.”
Notes to editors
About the SAASP
The Specialist Administration and Actuarial Services Panel (SAASP) provides trustees with specialist actuarial s143 valuations for schemes in assessment and can provide ongoing scheme administration for schemes in assessment too. It also undertakes scheme data cleansing exercises for the PPF which will ensure all recorded scheme information, including member data, is accurate, and that pensioners and beneficiaries are receiving the right levels of benefits.
About Quantum Advisory
Established in 2000, Quantum Advisory is an independent, owner-managed actuarial and employee benefits consultancy that provides straight-talking, no-nonsense advice to employers and pension scheme trustees. They design, maintain and review pension schemes and related employee benefits so that they operate efficiently and effectively. They also help communicate these benefits in a straightforward way so that individuals understand their real value. Quantum Advisory has offices in Amersham, Birmingham, Cardiff, and London