Scottish Life Administration Services has been appointed to provide third party administration (TPA) services for the new money purchase section of the Cornhill Retirement and Death Benefits Fund. The appointment was made effective from April 6, 2001.
The TPA services will be provided by way of DC Solutions, Scottish Life’s specialist defined contribution administration service. The appointment follows a review of the Cornhill pension arrangements conducted by Lane Clark & Peacock, the fund’s actuaries and investment consultants.
Commenting on the appointment, Cornhill pensions manager David Griffiths said: “We are aiming for a long term relationship with our outsourced administrator and therefor wanted a third party administrator with a proven track record, experience and established and robust administration systems.”
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