UK - MTL Instruments has dropped Mercer Human Resource Consulting as actuary to its £13m defined benefit scheme and appointed Gissings as its replacement.
Gissings will provide full pensions services to the safety equipment manufacturer, including investment consulting, accounts, administration and pensions payroll services.
MTL Instruments finance director Bill Greenhalgh said: “We were impressed by Gissings’ online pensions administration system and how it works in an integrated fashion for clients with diverse benefit needs.”
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The Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
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