We have worked with PTL for many years and they now act as sole corporate trustee to our largest DB pension scheme with multiple sections and benefit structures. PTL were instrumental in helping the sponsoring employer to implement several DB scheme mergers and pensioner buy-ins, which have transformed our pension scheme portfolio for the benefit of members and the sponsoring employer alike.
PTL also act as Chair to our internal Defined Contribution Governance Committee, and provide secretarial services to this and the DB Scheme.
With regular involvement with individuals such as Richard Butcher, Kim Nash and Matt Riley, we have built a first class working relationship and we value their open-minded and practical stance to pension scheme governance.
We always find them both proactive and well prepared, with efficiently chaired trustee/governance meetings. A business plan for all key activities and a Scheme budget for expenses are produced annually and service providers are reviewed regularly. Additional work is agreed before costs are incurred, so there are ‘no fee surprises’.
We are extremely satisfied with PTL and would have no hesitation in recommending them. They provide a very frank, pragmatic and cost-effective service.