Ford pension funds hire Punter Southall

Ford pension funds hire Punter Southall

Ford’s three UK pension schemes have appointed Punter Southall to provide daily estimates of the schemes’ liabilities.

The key factors in the appointment were that Punter Southall's valuation software was tried-and-tested technology, and that the firm could assure the trustees on the accuracy of the results. This was critical as the liability results would be used to monitor the funding levels for comparison with investment allocation trigger points.

“I am delighted that the Ford Trustees have recognised the strength of our solution and, in particular, the rigour of our technology,” said Andrew MacRae, principle at Punter Southall.

Ford’s three schemes, the Hourly Paid Contributory Pension Fund, the Salaried Contributory Pension Fund and the Senior Staff Pension Fund, hold assets in excess of £8bn ($13.4bn), and have around 75,000 members.

Most Popular