UK - Scottish Equitable has been appointed to the £191.2m Alcatel Pension Scheme as an additional voluntary contribution (AVC) provider.
The firm will work alongside existing provider Equitable Life. The decision to review the situation was taken after the troubled former mutual closed its doors to new business.
The make-up of the tech company scheme includes Barclays Global Investors (BGI) which runs a defined contribution option, and Nationwide which oversees a cash fund.
It is understood that the fund trustees are considering a move of with-profits to a new account in the Nationwide contract.
The move was advised by Bacon & Woodrow.
By Madhu Kalia
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