PTL, independent trustee to both arrangements, have appointed Barnett Waddingham to provide investment consultancy services from January 2015.
PTL managing director Richard Butcher says: “Investments are a key component to the delivery of good member outcomes – whether that be the design of the default or the range of “self select” funds. Good governance around those has always been demanding for trustees, but the bar is being raised even higher, right now, by the government’s and regulator’s quality standards agenda.
“We wanted to ensure we were ahead of the game on this and so made the decision last year to appoint an independent investment consultant. Standard Life were 100 per cent behind our decision.
“We chose Barnett Waddingham because they showed the greatest insight to our needs, probably as a result of their experience with other commercial DC master trusts. Their appointment is great news for members and for good member outcomes. “
