EDF Energy, one of the UK’s largest energy companies, has appointed Mercer to provide pension administration services for its three UK defined benefit pension schemes with a total of over 27,000 members.
EDF Energy is the one of the UK’s largest producers of low-carbon electricity, producing approximately one-sixth of the nation’s electricity from its various power stations. The company supplies gas and electricity to more than 5.5 million businesses and residential customers and is the biggest supplier of electricity by volume in Great Britain.
Ian Baines, Head of Pensions at EDF Energy, said: “EDF Energy was seeking a single partner to administer its UK pension arrangements, to enhance efficiency, member experience and management information. The combination of Mercer's competitively priced offering, its long-term commitment to the market-place, and a servicing strategy that combines the best technology, people and operational model, delivers strong membership engagement, empowerment and educational capabilities, and made Mercer the natural partner.”
Gordon Clark, Partner and UK Relationship Manager at Mercer, added: “This appointment is a significant milestone in our long-term partnership with EDF Energy and is a great win for our UK Administration Outsourcing business. We are very pleased and honoured that EDF Energy has chosen to work with us and we are committed to delivering to those most important in this project – the members
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