UK - Pensions administrator Heywood has been reappointed to the UK Atomic Energy Authority Pension Scheme for a further five years.
Heywood will provide a range of services including an administration system covering the scheme rules, a task management guide, a pensioner payroll system and a member internet service.
UKAEA pension manager Richard Stoneham said hiring an external administrator had proved a success for the scheme.
He said: “One reason for sticking with Heywood is that we haven’t had any incidents of machine or system failure. The software helps us to drive down costs and improve efficiency, so there’s no need to change.”
UKAEA – which manages and decommissions nuclear facilities – has 50,000 members in its final salary pension scheme.
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