UK - Norwich Union has selected Aquila to provide the administration system for its insured defined benefit scheme portfolio.
The system’s implementation will be completed in early 2003.
Norwich Union director of defined benefit pension schemes Pete Hardy said: “In Aquila we have the ideal partner to deliver the system, which will enable us to provide a comprehensive, efficient and cost-effective service to our schemes and their members.”
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The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.