Schroder Pensions has been chosen to implement Bradford & Bingley's new group pension plan - a contributory stakeholder scheme.
B&B, which has 8,000 employees, has introduced the plan to extend current company pension provision to all B&B staff in mainland Britain and Northern Ireland. This includes 2,750 current employees who are not already members of the existing staff pension scheme as well as new employees.
Bradford & Bingley has expanded rapidly and made a number of acquisitions in recent years, and the development of this plan will ensure that all 'new joiners' are eligible for quality company pensions provision, said B&B’s group chief executive Christopher Rodrigues.
It is extremely important for Bradford & Bingley to implement a group pension plan that will cater for the diverse needs of all our staff across all UK based companies in the Group.
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