UK - Global natural gas business BG Group has appointed Lane Clark & Peacock LLP (LCP) to administer its £300m defined benefit pension scheme.
BG Group, part of the former British Gas, took its current form in 2000 after the demerger of the gas pipeline business Transco.
Mike Thomas, BG Group pensions manager, said: “We conducted an extensive search to secure a high quality pensions administrator for our sophisticated membership profile.
“LCP emerged as a clear winner, as a result of the breadth and depth of its service offering.”
Richard Thomas, head of LCP’s employee benefits services, said: “BG Group will be a significant addition to our portfolio of close to 100 administration clients.”
Members of the BG pension scheme were transferred to LCP’s administration platform in 2004, with the mandate taking effect from January 1, 2005.
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