Norcros scheme hires Buck Consultants
The Norcros Security Plan trustees have hired Buck Consultants to provide actuarial services to its £400m defined benefit (DB) section.
The scheme is sponsored by Norcros plc, a bathroom supplies manufacturer. The appointment follows a competitive tender process.
Norcros group pensions manager Gordon Baker said: "Throughout our review exercise Buck demonstrated professionalism, a thorough understanding of our plan's requirements and most importantly a proactive and engaging approach with which all our trustee directors were impressed."
Buck's head of the Manchester office David Piltz said: "This appointment demonstrates the strength of both our team in Manchester and also our national practice more widely, and is testament to the quality of our services and our practical approach. We look forward to working with the trustee directors on this very important mandate."
Last year Manchester Airport Group appointed Buck for actuarial, administrative and investment consulting services to its pension scheme (PP Online, 26 March 2013).
Further reading
More on Admin / Technology
Updated: Landmark GMP ruling 'significant challenge' for schemes
Defined benefit (DB) schemes that provide GMPs must revisit and, where necessary, top-up historic cash equivalent transfer values (CETVs) that have been calculated on an unequal basis, a landmark court judgment said last week.
Pension Sync teams up with My Digital to support new era of quantum employment
Technology platform PensionSync has partnered with quantum employment pioneer My Digital to help contractors and employers manage pensions as more workers do temporary work for multiple firms.
Capita partners with Intellica to tackle GMP equalisation challenges
Capita Pensions has partnered with data technology solutions firm Intellica to tackle the GMP equalisation challenges facing pension schemes.
Hewlett Packard renews TPA agreement with EQ Paymaster
The Hewlett Packard Retirement Benefit Plan has reappointed EQ Paymaster as its third-party administrator (TPA) for five years.
Register now: How is Covid-19 disruption driving digital transformation in pensions?
Schemes and their administrators have rightly received much praise for ensuring that pensions have continued to be paid in full and on time during an unprecedented period of disruption.
