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."
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.