UK - Aon Consulting has announced it has been appointed scheme administrator to the Milk Pension Fund, the pension fund for the UK milk industry.
Richard Thornton, secretary to the trustees for the Milk Pension Fund, said: "Aon were able to demonstrate a clear understanding of our service requirements. We were particularly impressed with Aon's innovative, member-focused approach to performance management which we're confident will not only enhance the member experience but also offers clear benefits for the trustees."
Stuart Heatley, managing director of pensions administration at Aon Consulting said: "We are delighted to have been appointed by the Milk Pension Fund and look forward to working closely with the trustees to deliver a first-class administration service to the members."
Mercer has also announced it has been contracted to provide investment services, including strategic asset allocation advice and implemented investment manager selection services to pet food and renewable energy firm PDM Group.
Gordon Braide, trustee, PDM pension scheme, said: "Mercer has been involved in an actuarial and advisory capacity for many years. The trustees have every confidence that the success of Mercer's involvement with the scheme so far will translate into a successful relationship in other areas."
The People's Pension, Atlas Master Trust and The Cheviot Trust have been granted authorisation from The Pensions Regulator (TPR), taking the total number of authorised master trusts to 18.
Pension schemes have been warned they may now face a more challenging legal test if they wish to fix drafting errors.
The Greene King Pension Scheme has appointed XPS Pensions as its actuarial and investment adviser following a competitive tender process.
Professional Pensions has compiled a list charting the progress of master trust authorisation. View our list in full here...