Client feedback

They deliver above expectation when the scheme has a particular challenge.
Ian Edwards,
PSIT was chosen because of their knowledge of the subject and awareness of our particular schemes.
George Batho ,
Trustee, Lansing Linde
​They are very proactive and full of new ideas, they've brought better scheduling and better minute sets.
Paul Rudd,
Express Newspapers
​Their pragmatic approach helps with quick and easy decision making. Another approach might have made things more difficult.
Mark Assinder,
PSIT were overall more professional than others.
Paul Staniland,
PSIT offered the right support at very short notice, at reasonable cost, when we really needed it
Ian Edwards,
Chair of Trustee, Comet Pension Scheme
Image of Stuart Southall, Director

Stuart Southall


Contact Stuart


Tel 0203 327 5000


Stuart is a principal of PS Independent Trustees Limited (PSIT) and Chairman of Punter Southall, the Group’s actuarial consulting business. He is an accredited mediator, which he finds invaluable for managing complex relationships.

Stuart is a trustee of two conventional UK based defined benefit schemes, a trustee of three offshore executive pension arrangements, and a trustee of an educational endowment fund and of an employee benefit trust.

Career history

Stuart graduated from St John’s College, Cambridge in 1980 with a degree in mathematics. He trained at Duncan C Fraser & Co before its acquisition by Mercer.

In 1988, Stuart established Punter Southall with Jonathan Punter; this remains the most successful start-up in the actuarial consultancy market for over 25 years. Although now Chairman of Punter Southall Limited, he remains much involved with client work and retains several large scheme actuary appointments. He also has an increasing number of employer-only appointments.

Stuart has extensive knowledge of mergers and reconstructions of large pension schemes, of liability reduction exercises, and he has been involved in the winding-up of many schemes. Several of his clients are European or American corporations encountering UK pensions for the first time.

Stuart is the co-author of a prize-winning actuarial paper (on scheme wind-ups) and has presented to the Association of Pension Lawyers’ annual conference and on their introductory pensions course. He has marked professional examination papers and sat on the Ethics Committee of the Association of Consulting Actuaries (ACA). He is currently an Investigating Actuary (under the Institute of Actuaries’ disciplinary scheme) and served as the ACA’s Chairman for two years from June 2010.

Stuart’s experience of pension trustee meetings is substantial and he estimates that he has attended over 650 trustees’ meetings either as a trustee or as an adviser.

Areas of specialism & recent projects

  • effective board operations
  • scheme actuarial requirements
  • dispute resolution
  • adviser review exercises
  • governance of ongoing pension schemes
  • pension scheme wind-ups
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