Pensions - Articles - Pitmans Trustees announce Management Buy Out

 Richard Butcher, Managing Director at PTL, said: “This is a pivotal and hugely exciting time for the PTL team. We are now wholly owned by people working in the business. People who live and breathe pensions, who truly understand the objectives and challenges our clients have, that we have and that the industry has. We are entirely free to decide our own strategic objectives and how to allocate our resources to the benefit of our clients and the pension scheme members we are responsible to. This is great news for the team, our clients and those members. 

 “The MBO, which is the management putting their money where their mouth is, demonstrates our long term commitment to this industry and to our clients. We have, over the last few years, been building a business with longevity – this being entirely consistent with delivering long term good governance.”

 The firm, which was first incorporated in 1994, has grown to 26 staff over its 23 years and now boasts offices in five UK locations. The firm currently has governance oversight of over £150bn of assets across its portfolio and will shortly be announcing its 2016/17 year end results – which, once again, show double digit growth.