UK - The ING Pension Trust Fund has outsourced its defined benefit scheme's administration to Capita Hartshead.
Capita already services the defined contribution section from its Edinburgh office.
The DB section was previously administered in-house.
Scottish pension operations director Stuart Heatley said: “We feel this is testimony to our commitment for provision of DB and DC pension provision as a one-stop-shop.”
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.