UK - Insurance company Allianz Cornhill has appointed Jardine Lloyd Thompson (JLT) to administer its defined contribution pension arrangements.
The administration services, which cover 1600 members, will be provided from JLT’s Ipswich office.
Colm Deasy, pensions operations manager at Allianz Cornhill, said: “[JLT] impressed us with both the depth of technical expertise within the administration team and their flexible approach to our evolving scheme. As we move forward with salary sacrifice and combined pension forecasting, we need a reliable partner who can demonstrate these two qualities in addition to established credentials in pensions administration.”
Jim Gallagher, sales director, JLT Employee Benefits, said: “We were very pleased to have been awarded the contract following the thorough review process undertaken by Allianz Cornhill that involved a number of our main competitors. Our approach to administration of the DC arrangement, which includes our process, procedures, audit, financial controls and engagement of systems enabled us to provide the company and trustees with confidence in our experience of administering this type of arrangement on their behalf.”
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