UK - Towers Perrin has been appointed as actuary and consultant to Peugeot Motor Company's three UK defined benefit plans.
The plans have a combined membership of more than 30,000 with a value of £550m.
Towers Perrin partner Peter Routledge said: “Peugeot is a widely respected company who are quite clearly committed to providing top quality pension benefits to their people in the UK.”
Towers Perrin replaced Watson Wyatt for the Peugeot plans and Buck Consultants for the Citroen plan earlier this year.
By Shifa Rahman
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
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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.