UK - JARDINE Lloyd Thompson Administration Solutions has been appointed to run Big Food Group's two pension schemes.
The BFG pension schemes cover around 25,000 staff working for Iceland Foods, Booker Cash & Carry, Woodward Foodservice and Expert.
Group finance director Bill Hoskins said: “Our objective was to consolidate our administration from three separate providers into a single, high-quality third-party administration specialist.”
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.