UK - Winterthur Life, the UK life and pensions arm of Credit Suisse, has been awarded the contract to administer a new group personal pension scheme for the employees of the UK-based charity Mencap.
Competing against a large number of other scheme providers Winterthur has won the right to run the contracted-in money purchase scheme, ultimately expected to attract 2,000 members.
Speaking about their choice of pension provider Jill Tombs, Mencap HR director said: We were looking to provide our 5,000 valued employees with a pension that would meet their needs and we feel we have found that. The way Winterthur's scheme is structured, administered and run, were important factors in that decision making process.
Mencap works with the 1.4m children and adults with a learning disability in the UK, their families and carers, to promote equal rights and improve choices and opportunities.
Mike Kellard, Winterthur Life, director of sales and marketing said: We have a great deal of experience of working with large organisations, and will bring that expertise to the Mencap scheme. This is a good scheme that will provide a stable and profitable future for Mencap's employees.
Mencap were advised on the structure of the scheme and investment manager selection by consultants William M Mercer.
By Luke Clancy
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