History of P-Solve

P-Solve is all about performance.  At the heart of all our activities, we have the desire to use creativity and innovation to deliver real performance improvements for our clients.

Our first activities were in the investment consulting business in the UK.  At the time, pension scheme trustees were demanding more direct advice and pro-activity from advisers.  But what they were actually receiving was a range of options, with no clarity about the actual direction.

P-Solve was formed following the merger of the Punter Southall business with the Gensec International Asset Management business, the latter being owned by Sanlam, a South African insurance group.  The objective for the merger was to bring together asset and liability skills to provide integrated services.  P-Solve was formed as the mechanism by which this would be achieved.

This focus on client need (in the first instance defined by the liabilities) has stayed central to the business throughout its history.  We started the business by focusing on providing pension scheme clients with direct advice on a much wider range of investment options than they had seen before and, given the circumstances at the time, we were advising clients to diversify aggressively out of equities, as we were expecting the bear market to continue (which it did).

We have since evolved the business into a wider range of activities than consulting, as the opportunities to create improvements have themselves evolved, all of which have added value for clients. To see a more detailed history of our business, please visit the Innovations pages.