Barnett Waddingham will now run the actuarial and administration services for the Carlsberg UK pension scheme.
This DB scheme currently holds around £500m of assets and has 4,000 members.
Barnett Waddingham will work closely with both the scheme’s trustee and sponsoring company. Barnett Waddingham partner Robert Hawkes will take on the role of scheme actuary as part of these overall services. Hawkes says the appointment enables BW to provide joined-up administration and actuarial services for the benefit of the scheme.
“It is clear to see how much the trustee and sponsor care about the scheme and the member experience is a shared priority for everyone,” he adds.
Carlsberg UK Limited Pension Scheme trustee director Jayne Wade says: “BW shares our values and priorities – high quality, proactive and pragmatic advice to help the scheme navigate through the longer-term objectives for the benefit of all.
“Our members remain our focus given the ongoing importance of the pension benefits to their futures.”
Rachael Collinson, of the Independent Governance Group adds: “The trustee directors care passionately about the scheme and delivering the objectives for the longer term. BW have demonstrated that same care and we are excited to work with them in this next chapter.”