John Heathcoat Pension Scheme, Devon, England, hired Punter Southall to provide actuarial, administration, risk and investment services, said John Hayman, company secretary at Heathcoat Fabrics Ltd.
The pension fund has £45 million ($67.2 million) of assets and 850 members.
“In appointing a new service provider, we were keen to assess not only their technical expertise, but also their culture and values,” said Simon Waddington, chairman of trustees of the John Heathcoat Pension Scheme, in a news release from Punter Southall.
Mr. Hayman said in an e-mail that the previous provider of these services was Capita.
