Investment management firm Brewin Dolphin has sold its pensions management division to actuarial firm Punter Southall.
The acquisition will see the management of 100 corporate schemes transfer to Punter Southall along with Brewin Dolphin's 14-strong pension team, which will relocate to Punter Southall's new offices in Newcastle. The deal, which takes effect from 1 October, is part of Punter Southall's push into the regions to attract local business, the firm said. Brewin Dolphin has been an actuarial and pension administration client of Punter Southall itself for 19 years. The pension team at Brewin Dolphin said it relished the move to the actuarial firm. "While some of our clients will continue...
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