UK - Third-party administrator FPS Group has won business from four schemes including the £6m Engineering Council's final salary scheme.
FPS has been appointed as administrator and actuary to the 120-member Engineering Council scheme, replacing the in-house administration team and Watson Wyatt.
FPS has also won a similar brief with the £2m Central and Cecil Housing Trust, replacing NPI – administrator and actuary to the scheme.FPS has also replaced Alex-ander Forbes as third-party administrator to two other schemes.
Call centre provider and operator The Message Pad has appointed FPS to administer its group personal pension and stakeholder arrangements, which covers around 170 staff members.
Jewellery maker Charles Green & Sons appointed the firm to convert its £4m contracted-in money purchase scheme to group stakeholder status and a small self-administered scheme for directors. FPS will administer both schemes.
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This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
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Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.