Heineken appoints DB pension administrator

Heineken has appointed Capita Employee Benefits to provide pensions administration services to its Scottish and Newcastle Pension Plan, its closed defined benefit (DB) pension scheme in the UK.

Capita will also provide the brewer with trustee and scheme accounting, pensioner payroll services and will carry out a data-rectification project.

The DB scheme, which was closed to future accrual in July 2011, has more than 41,000 members.

The contract was awarded following a full competitive tender process. 

Carol Young, pensions manager at Heineken in the UK, said: “After a comprehensive process, the trustee chose Capita because it offered the best combination of quality of service and value for money for us and our scheme members.”

Nick Burns, chief executive at Capita Employee Benefits, said: “We look forward to working in partnership with the trustee and Heineken in the UK to complete the data rectification project on schedule and develop the ongoing service for the benefit of scheme members.”