Forth Ports Group appoints pensions actuarial and investment consultancy

Forth Ports Group has appointed Punter Southall to provide a range of actuarial and investment consultancy services for its defined benefit (DB) pension scheme.

The scheme has approximately 2,500 members and assets of around £250 million.

The Scottish ports group, which comprises ports in Grangemouth, Dundee, Leith, Rosyth, Methil and Burntisland, conducted a tender exercise to find a provider for these services.

Drew McManus, pensions manager at Forth Ports based in Grangemouth, said: “The trustees are delighted to have appointed Punter Southall, having been impressed by its innovative thinking and engaging style.”

Gerry Devenney, head of Punter Southall’s Edinburgh office, added: “We look forward to working with the trustees and its in-house pensions team in the years to come.”