UK - News and media group Press Association has chosen Lane Clark & Peacock to provide pensions administration services.
The £60,000 per year deal is in addition to LCP’s current role as PA’s actuary and investment consultants.
Press Association pensions manager and secretary Richard Marjoribanks said the appointment had been put out to competitive tender. LCP was chosen on its ability to offer “value for money” and to meet scheme requirements.
He said: “We already know LCP well through its existing appointment as our actuary and investment consultant and we had no reservation completing the jigsaw by asking it to look after our administration. We are looking forward to working with the company across the board in the future.”
LCP partner Jonathan Cam-field said: “Our ability to tailor an administration platform specifically to the Press Association’s needs and our ‘client first’ approach were critical to winning this mandate.”
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