UK - Mercer Human Resource Consulting has been appointed to provide administration services for the defined benefit pension arrangements of Whitbread.
The hospitality company, which manages restaurants and brands, including Premier Travel Inn, Costa Coffee and T.G.I. Friday’s has fund sizes totalling £1bn.
The DB schemes, which were previously administrated by an in-house service, also have an overall membership of 46,000 Mark Lilly, European partner at Mercer, said the company was “absolutely delighted” with the partnership struck up with Whitbread.
Lilly added: This appointment demonstrates a continuing trend in the outsourcing of defined benefit pensions administration to third-party providers.”
Geoff Mellor, Whitbread pensions director, commented: The quality of the administration team and their ability to partner with us were key factors in our decision to appoint Mercer,
In the last two years, Mercer has taken on the administration of more than 20 in-house schemes.
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