UK - Employee benefits firm Gissings has been appointed by the University of Reading Employees' Pension Fund to provide pensions administration, accounting and pension payment services with effect from April 2002.
The University’s pension fund is a defined benefit fund with 889 active members, 331 deferred and 464 retired members. The fund value as of July 2000 was £55m.
David Savage, director of finance at the University of Reading said: After an exhaustive selection process, Gissings came out on top due to the quality of their administration offering and our confidence in their ability to manage the outsourcing of pensions administration, a process which is new to the University.
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