UK/US - American asset manager Neuberger Berman has replaced its defined contribution scheme for UK employees with a new group stakeholder arrangement.
The replacement scheme - available to all Neuberger Berman UK employees - will be provided by Friends Provident.
The provider said it had produced a bespoke staff communications strategy to ensure a smooth transition of contribution for joiners.
Neuberger Berman spokesman William Jutsum said: "Neuberger Berman is committed to providing a competitive level of benefits to our employees. In the current environment it is important to reward and motivate staff, as they are the ones who will take this company forward."
Friends Provident head of UK corporate pensions sales Russell Welsh said: "We are delighted to support Neuberger Berman in providing its employees with a new group stakeholder pension scheme.
"In today's climate particularly, it is encouraging to see an employer fully embrace flexible pension arrangements. We look forward to working with the Neuberger Berman team to refine our proposition to support their efforts in this."
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