Servier Laboratories has appointed Aon Hewitt to provide advisory services for its hybrid pension scheme.
The pharmaceutical business has 1,000 employees in its £60-million hybrid scheme, which has legacy defined benefit (DB) arrangements and ongoing defined contribution (DC) benefits.
Aon Hewitt will provide actuarial, administration, investment, secretarial and DC advice and services, as well as DC broking services.
Mike Sumpter, chief executive officer at Servier Laboratories, said: “We needed high quality, integrated advice and services for our schemes.
“It became clear in our selection process that Aon Hewitt was able to deliver this and we look forward to working closely with the team.”
