UK - MNPA has been appointed to provide administration, accounting and pensioner payroll services to the Morgan Crucible Pension Scheme.
MNPA – which provides pensions administration to clients with final salary, money purchase, career average or hybrid schemes – has replaced an in-house team.
Morgan Crucible’s annual report showed that the defined benefit scheme had an FRS17 deficit of £82m – up by £65m since the end of 2002.
Morgan Crucible group benefits and compensation manager Geoff Weir said: “It was a thorough tendering process and the team has delivered on its promise by meeting the three-month implementation timescale. It is now going live with the administration.”
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