Cookson Group has appointed a third-party administrator to its £500-million defined benefit (DB) pension scheme.
The scheme, which has 5,500 members, will transfer to Premier in June 2013.
In January 2013, the group signed its second bulk-annuity policy with provider Pension Insurance Corporation.
Allan Course, chair of trustees for the Cookson Group pension scheme, said; “Having controlled the risks of the scheme and secured some of the liabilities with a buy-in in 2012, we took the opportunity to review our administrators.”
John Reeve, head of consulting services at Premier, added: “The most important thing when it comes to providing administration is the member outcome.”
