The Trustees and Sponsoring Employer of the Beam UK Pension Plan have appointed Willis Towers Watson to provide actuarial, fiduciary management, consulting and administrative pension services through OneDB. The Beam UK Pension Plan has assets of around £50 million and around 100 members and is sponsored by Beam Suntory UK Holdings Limited.
Ron Welsh, Chair of Trustees, said “Willis Towers Watson has provided an excellent actuarial service for a number of years and were a natural choice for us when looking for a bundled services provider. We were particularly impressed by Willis Towers Watson’s ability to provide a joined up solution enabling us to outsource more elements than under our previous advisory structure, as well as by the quality of its Administration and Fiduciary Management offering”.
Gareth Strange, Head of OneDB, Willis Towers Watson, said “There has been significant interest in our OneDB proposition since we launched last year and we are delighted to now have seven schemes utilising our new solution”.
“For many corporate sponsors and scheme trustees the burden of managing legacy DB pension schemes is becoming more and more challenging as the regulatory environment, investment options and administration becomes more complex. OneDB outsources a lot of that burden, freeing up trustees’ time to enable them to focus on the strategic objectives of the scheme.”
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