UK - Restaurant and leisure group Noble House has hired Invesco as its stakeholder provider.
The appointment of Invesco is part of a review of all employee benefits for the group's 3,500 or so employees, which is being conducted by Marlow-based consultants John Scott and Partners.
A spokewoman for Noble that Invesco was chosen because of their “range of investment options, experience on communications and their ability to tailor an administrative solution to meet our requirements.”
Invesco will offer its own range of actively managed funds and a range of active and passive funds handled by additional investment providers.
By Madhu Kalia
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter