UK - Hewitt Associates has lost an actuarial and investment services mandate with Panasonic UK pension schemes to Lane Clark & Peacock (LCP).
Panasonic UK defined benefit (DB) and defined contribution (DC) pension schemes appointed LCP to provide actuarial and investment services to the schemes, which have in excess of £100m in assets under management.
LCP’s sister company DC Link has also been appointed to provide the administration for the DC scheme.
Panasonic UK pension schemes trustee chairman Annette Shortland said: “Following an extensive evaluation period LCP and DC Link have clearly demonstrated the capability and teamwork that is needed to support our schemes.”
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