Heinz has consolidated management of its five pension schemes under a single provider.
It has appointed Capita Hartshead as sole provider of administration, secretarial, treasury and finance services for the food giant’s pension scheme. This makes the firm responsible for the pension benefits of some 12,000 scheme members.
Prior to the appointment, Heinz had a combination of in-house and outsourced scheme management but wanted to consolidate these with one provider.
Ken Horrocks, rewards manager at Heinz, said: “Capita Hartshead already look after our DC scheme and one of our DB schemes, so it was always going to be on our shortlist.
“During the tender process it consistently demonstrated it had the necessary strength and depth of experience we were looking for. We were particularly impressed by its proactive and forward-thinking approach to pensions management.”
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