UK - HSBC Actuaries and Consultants has won a consultancy and administration brief from the Kawasaki Precision Machinery UK pension scheme.
HACL secured the contract for Kawasaki’s defined benefit scheme after a rigorous consultation period with various potential providers.
One of HACL’s first tasks was to produce a triennial valuation report for the scheme – a move that Kawasaki admitted was “long overdue”.
Kawasaki finance director Neill Mitchell said: “We selected HACL because of its ability to deliver a comprehensive solution at a cost-effective price.
“This was clearly demonstrated by its proactive approach to taking responsibility for the scheme very quickly.”
HACL spokesman Simon Hazeldine said: “The security offered by the HSBC brand, and our reputation for providing flexible solutions to clients’ needs, place us in a strong position.
This is demonstrated by the number of new clients we have recently gained.”
Services to Kawasaki Precision Machinery pension scheme will be provided by HACL’s Birmingham office.
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