Quick facts

About Punter Southall Group

Jonathan Punter and Stuart Southall set up Punter Southall Group 25 years ago with just
nine staff, who gave actuarial and investment advice to UK pension schemes. Complementary businesses have been added to create a financial services group employing more than 800 staff in 11 locations.
The group, which is majority employee-owned, has plans for further growth — but bosses insist the 802 staff will not be run into the ground to maximise chargeable hours and profit. Free private healthcare and subsidised sports facilities are among perks on offer to all staff, who work between 36 hours a week for team members and 40 for senior managers. Employees are happy with the balance between their work and home life (67% positive) and do not feel they spend too much time working (59%).
Everybody can use the health-and-wellbeing programme, earning points for discounts on
spa breaks and cinema passes. Most flexible- working requests made by individuals are granted and staff receive between 22 and 35 days paid holiday each year. A 49% result shows that employees do not feel exhausted when they get home from work.
Maternity pay ranges from six weeks on full pay for team members and supervisors to 13 weeks for senior managers, followed by 33 and 26 weeks respectively at the statutory rate. Men receive two weeks’ paternity leave on full pay.
Nearly a third (30%) of staff are on £55,000 a year and actuarial advisers earn about £74,000. Pay rises are awarded following exam passes and 98% of employees had an increase in the past year. They are content with the pay and benefits they receive (62%, although this ranks 61st) and would not necessarily leave tomorrow if another job opportunity came up (76%).
Managers listen to workers’ needs and concerns and contact the human resources department for guidance when necessary. The company, based in the Strand, London, paid taxi fares for a member of staff who was on crutches. Regular team meetings provide the chance for workloads to be discussed and more evenly distributed among people, and staff say managers do not take advantage of them (74%).
Fundraising activities have seen employees running marathons, climbing mountains and growing moustaches, and one team took children from disadvantaged backgrounds to London Zoo to support a charity close to the heart of a colleague who died. Punter Southall’s support of worthy causes is not motivated by a desire for good publicity (62%).


What is it like to work for Punter Southall Group

My Manager
My Manager
Managers listen to employees' needs and concerns and contact HR for guidance when necessary. An example would be a manager asking for the company to pay for a taxi for a member of staff to be able to come to work whilst using crutches, thus making the individual's travelling a lot easier. Managers develop an understanding of the individual's ambitions by discussions during appraisals and can then help to set appropriate objectives. Managers at Punter Southall Group are encouraged to be receptive to employees - to be open and approachable in an open plan office. HR helps managers understand the sickness absence management policy and other wellbeing at work policies.
Wellbeing
Wellbeing
Punter Southall Group's PruHealth medical plan fully supports the Group's approach to employee wellbeing. The scheme encompasses all areas of health from regular health checks, to getting active and eating healthily. The scheme encourages staff that taking time out can be good for their wellbeing. As a PruHealth member all staff have access to their health and wellbeing programme, Vitality. The more Vitality points staff earn, the higher their PruHealth status and the greater the discounts with their Vitality partners. Examples of discounts: Spend time relaxing at Champneys Health Resort, take a trip to Paris with Eurostar. They believe that these incentives help their staff to concentrate on their wellbeing.
Fair Deal
Fair Deal
Punter Southall Group grant an increase to salary following exam passes in various professional courses. They believe this is effective as it encourages their staff to develop themselves professionally and thereby enhance their future career prospects, but it is also valuable to the business as it can indicate to its clients that its staff are professionally trained and qualified.

Learn more about the 8 factors of workplace engagement here

Benefits:

  • Shares
    Shares

    Companies where employees are offered share options

  • Gym
    Gym

    On-site gym or subsidised gym memberships

  • Childcare
    Childcare

    On-site nursery or vouchers

  • Pensions
    Pensions

    Companies offering a final salary or non-contributory pension scheme

  • Long Service
    Long Service

    40% of employees with more than 5 years' service

  • Health Insurance
    Health Insurance

    Full family cover

  • Dental Insurance
    Dental Insurance

    Dental insurance offer to all employees

Company Statistics

  • UK sites:

    11

  • Staff Turnover:

    11%

  • Average Age:

    38

  • Male : Female:

    52% / 48%

  • Earning £35,000+:

    55%

  • Staff:

    802

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