UK - The Leek United Building Society Pension and Assurance Scheme has hired Jardine Lloyd Thompson (JLT) to provide actuarial, consulting and administration services.
Commenting on the appointment, Keith Griffiths, secretary to the trustees at Leek United Building Society said: “We undertook a detailed selection process, seeking a provider capable of high quality strategic advice, combined with quality pension administration.”
Earlier this year the £43m JLT employee benefits group - a unit of Jardine Lloyd Thompson UK - also bagged a mandate at the £15m defined benefit pension scheme of window specialist firm C&C Marshall to provide administration, accounts and treasury services.
By Madhu Kalia
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.