UK - Hogg Robinson Trustees has been appointed to manage the pensions schemes of Belfast-based Richardson's Fertilizers and the energy company TXU.
Hogg Robinson, the trustee division of employee benefits consultancy Entegria, has been appointed to a three-year contract at TXU, where it will manage three employee trusts which were set up just prior to the company going into administration at the end of 2002.
The trusts have been established to pay salaries, pensions and other benefits for employees who have remained with TXU to assist the company with its winding up operation.
Richardson’s Fertilizers – owned by Irish Fertilizer Industries and the Irish Government – went into liquidation in 2002.
Hogg Robinson will act as independent trustee either on its pension scheme wind-up or its continued operation.
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