News in brief w/c 11 February

Punter Southall has been appointed by the Trustees of the Wightlink Pension Scheme to provide actuarial, consultancy and administration services. This followed a competitive tender process.

Stadia Trustees has joined forces with the Teachers Building Society to offer a new deposit account product, SIPP Save, further expanding its SIPP investment choice. SIPP Save offers an interest rate of 1.2 per cent/AER on cash deposits and the account can be opened with a minimum sum of £1. A maximum sum of £350,000 is allowable within the account and four withdrawals allowed within one calendar year.

JLT Benefit Solutions (JLT) has been appointed by G1 Group, an independent leisure operator, to provide advice to the company on auto-enrolment and pension provision. G1 Group will be subject to auto-enrolment requirements as of August 2013.

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