UK - Consultant Lane Clark & Peacock has expanded its employee benefits practice with the launch of a dedicated pensions fund administration consulting unit.
The firm has hired two senior management consultants, Nick Phizackerley and Antonella Sferrino, from rival KPMG, to head up the unit.
LCP says the consulting unit will help schemes appraise and manage the relationships with their existing administrators. It will also assist with the selection process of third-party suppliers, as well as providing guidance and support to clients and their current administrators.
Phizackerley and Sferrino each have over 15 years’ pensions experience. Phizackerley has worked in both the public and private sector, while Sferrino has experience of both in-house and outsourced administration of private sector schemes.
LCP employee benefit services managing director Richard Thomas said: “The simplification deadline and the demands laid out in the Pensions Bill will place extra pressure on clients to change their administrative process and systems.
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