Jardine Lloyd Thompson Benefit Solutions is to provide administration, accounts and treasury services to the £15m defined benefit pension scheme of window specialist firm C&C Marshall.
The pension scheme is contracted out on a protected rights basis for 450 active members, 190 deferred pensioners and 70 pensioners.
Jardine Lloyd Thompson Benefit Solutions senior consultant Bob Folley said: “I'm delighted to renew my business relationship with C&C Marshall, having helped them design their new final salary scheme in the early 1990s. We look forward to a long and mutually successful relationship in the future.”
JLT - which is taking over services previously administered by Watson Wyatt – is also responsible for managing the risk insurance business for C&C Marshall.
By Jeena Nadarajan
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.