“The work that has been done has been delivered beyond expectations.”
“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.”
“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. ”
“I enjoy working with PSGS and we have a very positive relationship. I was new to pensions and found them very helpful.”
“PSGS offered the right support at very short notice, at reasonable cost, when we really needed it”
“Ever increasing regulation has placed a heavy burden on trustees both in terms of time and the risk of non-compliance. PSGS has the experience and the resources to help trustees manage these burdens.”
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.
5 Dec 2019
Watch 'Saving tax for Bella beneficiaries' on Vimeo
27 Nov 2019
Watch 'The pros & cons of sole trusteeship' on Vimeo Read the sole trusteeship case study
6 Nov 2019
This regulated apportionment arrangement (RAA) case study looks at one of the most complex distressed employer pension cases we’ve seen. It...