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Ladbrokes has selected Legal & General Workplace Savings to administer a new pension scheme that will comply with recently introduced auto-enrolment. Available to the gaming firm’s 14,000 employees who will be auto-enrolled from 1March 2013, the new group scheme will be a trust-based DC scheme. Phil Rixon, Pensions and Benefits Manager at Ladbrokes, says: “We are particularly impressed with Legal and General’s commitment to a long-term partnership and to focus on employees’ retirement outcomes through its support for members in both growth and decumulation phases.” Ian Foster, Development Director, Workplace Savings at Legal & General, adds: “We are naturally delighted to have been chosen to run a new DC pension scheme for Ladbrokes staff. I am confident that we are ready to meet the challenge of auto enrolling thousands of eligible staff in a few months time. “Our Workplace Savings business has already successfully staged several large employers in the UK." |
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