The Combined Nuclear Pension Plan (CNPP) has appointed Aon Hewitt as an investment adviser for its defined benefit (DB) section, replacing Hymans Robertson.
Announced on 5 November, it follows separate news that CNPP replaced Hymans Robertson with Redington as adviser for its defined contribution (DC) section, after having received master trust authorisation.
CNPP - which was set up in 2006 as the industry-wide arrangement for eligible workers in the nuclear decommissioning industry - has three DB sections which are now closed to new members.
The value of the plan's total net DB assets as at 31 March 2018 sat at £2.6bn according to its 2018 annual trustee report. By the end of the same period, its combined DB membership was over 15,000.
CNPP has also made some other changes this year, as it introduced two new plan administrators in April.
DB members, or those with combined DB and DC benefits, are now administered by Equiniti, while new joiners and DC members are administered by Aegon.
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