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.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
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