Reading Transport switches pensions adviser

Reading Transport has switched advisers for the actuarial and administrative services of its final salary pension scheme.

The £26-million scheme, which has 500 members, will now be advised by Punter Southall.

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Greg Chambers, finance director at Reading Transport, said: “We engaged Punter Southall to provide actuarial and administrative services for our defined benefit scheme, and [it has] handled the transition from our previous advisers in a smooth and professional manner.”

Gareth Jones, principal at Punter Southall, added: “We’re excited to be closely involved with another local business and look forward to tackling future challenges together.”