We have agreed the sale of Ashcourt Rowan's corporate solutions business to the Punter Southall Group - a specialist employee benefits company.

Rob Devey, CEO Towry said: 'Our core business is wealth management and financial planning. We felt the future development of the corporate solutions business would be better achieved if it were to become part of a company specialising in that sector.

'Finding the right home for our corporate clients and colleagues has been a key priority for us and we're delighted to have reached an agreement with PSG. Its award-winning employee benefits services continue to expand and our clients will be well served by the creative approach they offer to meet continuing challenges for pension schemes and savers.'

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Information about Punter Southall

Punter Southall was founded in 1988 by Jonathan Punter and Stuart Southall, who remain in the business as scheme actuaries. Punter Southall and its associated companies provide actuarial advice, pension consultancy, administration, risk and investment services for pension scheme trustees, employers and other institutions. With 750 staff working from 14 offices across the UK, Punter Southall administers pensions for 225,000 members and manages or oversees over £39bn of assets.

It is an award-winning business having been:

  • Awarded the FT Pensions and Investment Provider Award for in 2014Best Auto-enrolment Consultant
  • Awarded Corporate Adviser magazine Best Auto-Enrolment Adviser in 2014.
  • Named Best Third-Party Administrator by Professional Pensions magazine this year.
  • Named as one of The Sunday Times Best 100 Companies to Work for in 2013,

Punter Southall Limited was also awarded Investors in People Gold status, achieved by only three per cent of companies accredited by the programme in the UK.

To find out more about their business, please visit www.puntersouthall.co.uk

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