UK - Aon has bagged an administration mandate from the newly created Box Clever pension scheme following a formal tendering process.
Box Clever was formed from the merger of the television rental businesses of Thorn UK and Granada. The firm employs more than 7,000 staff in the UK.
The new scheme - expected to be worth around £100m - will include final salary and money purchase sections, including replica arrangements, for some 3,000 staff transferring from the existing Granada and Thorn pension schemes.
The move was advised by William M Mercer, which was appointed as consultant to Box Clever last year.
The new fund will be administered from Aon's Birmingham office.
By Madhu Kalia
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