“Where PSGS are appointed to act in conjunction with an existing body of trustees, we have found that they are quickly able to fit in well and gain the trust and respect of their co-trustees. ”
“Ian has added more value than we thought he would at the start… which shows it pays to go with someone who is doing the job of a professional trustee as their bread and butter.”
“Excellent communication - the trustee training course facilitators were clearly knowledgeable and very experienced in their field and able to convey concept and information in a way I was able to understand. ”
“PSGS was chosen because of their knowledge of the subject and awareness of our particular schemes.”
“The Trustee Training course is very good. Excellent coverage of material presented in an easy-to-digest manner and quality of presentation by both presenters. ”
“Many organisations and people provide the services that clients need. In my opinion, the differentiator is in the way those services are provided and to that extent, Kathy embodies the qualities that I have come to value from PSITL. Kathy is organised but not fussy; diligent but not dogmatic; persistent without being pushy and compliant in a pragmatic way. Whilst she takes ownership and drives issues forward, Kathy is a team player who uses her and her colleagues experience to provide services to her trustee client whilst working closely with those like me representing the sponsoring employer. She works collaboratively with advisers but constructively challenges the scope of services, fees and service standards whenever necessary and makes sure that member needs are always taken into account. I enjoy working with her and trust that she will deliver what is required by the trustee and the members they represent in a manner satisfactory to the sponsoring employer. ”
Stuart acts as independent chairman to a large hybrid scheme and is pro bono chair of three other schemes.
Stuart trained at Duncan C Fraser & Co before its acquisition by Mercer. In 1988, he established Punter Southall with Jonathan Punter. This was the most successful start-up in the actuarial consultancy market for over 30 years.
Stuart has worked with pension schemes varying in size from £15 million to £4.6 billion. Having worked in the roles of trustee, scheme actuary and sponsor adviser, he is able to balance perspectives between the fiduciary responsibilities of trustees and duties owed to scheme sponsors. He has extensive knowledge of mergers and reconstructions of large schemes, of liability management exercises and has been involved in buy-ins and buy-outs.
Stuart also has experience of a situation where an overseas parent company filed for Chapter 11 protection with implications for a UK pension scheme.
During his career, Stuart has attended well in excess of 1,100 trustees’ meetings. He is fully conversant with the legislative, regulatory and good governance requirements of UK pensions and he has the ability to appreciate and balance the duties and concerns of all parties to such schemes.
Having grown a business from only 9 people to over 1,200 staff, Stuart has demonstrable entrepreneurial attributes and an ability to interact with and motivate a wide range of people. These skills are invaluable to running a financially efficient and operationally effective pension scheme.
Stuart was an early editor of ‘The Actuary’, has sat on the Ethics Committee of ACA, and has served as its Chairman. He is a regular speaker at client events and outside conferences and is an accredited mediator. He was a non-executive director of Neptune Investment Management Limited until its sale to Liontrust and he is a CEDR qualified mediator. For over a decade he was a governor of two independent schools and a pro bono trustee of an educational trust.
Qualifications: Fellow of the Institute and Faculty of Actuaries, MA Hons Mathematics, accredited professional trustee
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