CN Group appoints Punter Southall to provide pension services

The CN Group has appointed consulting actuaries and administrators Punter Southall to provide all pension scheme services.

The selection took place through a competitive tender process.

Serving the newspaper group's two defined benefit (DB) schemes, which total £21m and boast 650 members, Punter Southall will provide actuarial, administration, benefit consultancy, trustee secretarial and investment consultancy.

Andrew Swanston, finance director at the CN Group, said: “Punter Southall was appointed as administrators and advisers to the company and trustees following a rigorous tendering exercise.

“During this process Punter Southall has clearly demonstrated its understanding of our specific requirements and its ability to provide a cost effective, proactive service.”