Northrop Grumman Corporation appoints pension scheme actuary

Global security firm Northrop Grumman Corporation has appointed consultancy Punter Southall as scheme actuary for its UK pension plan.

The firm’s pension plan has more than 700 members with assets worth around £80 million. Punter Southall’s appointment follows a tendering process.

Steve Hanson, chairman of the trustees at Northrop Grumman Corporation, said: “We really liked Punter Southall’s forward-thinking approach to helping us manage our pension plan, and look forward to a good working relationship.”

For more articles on actuarial services