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."
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.
UK inflation fell from 2.3% to 2.1% in December, approaching its lowest rate for two years, according to the Office for National Statistics (ONS).