Neuberger Berman switches to stakeholder scheme with Friends Provident

Neuberger Berman has replaced its existing occupational defined contribution scheme with a new group stakeholder pension scheme for its UK employees.

The global independent asset management firm has appointed Friends Provident to implement and manage the new stakeholder scheme.

Through the new scheme, Neuberger Berman’s UK employees will have immediate access to a single pension solution tailored directly to their individual needs.

Dik van Lomwel, head of Europe and Middle East for Neuberger Berman, said: “Neuberger Berman is committed to providing a competitive level of benefits to our employees. In the current environment it is important to reward and motivate staff, as they are the ones who will take this company forward.”