Pensions Insurance Corporation appoints pensions administrator

Pension Insurance Corporation (PIC) has appointed Mercer to provide pensions administration to the employers it works with.

The provider of risk management solutions for defined benefit (DB) pension funds covers 50,000 pension policies

Mercer will provide record keeping, payroll, administration and communication services for these policies.

Matt Gore, chief administration officer at PIC, said: “Mercer’s support will help us as we continue developing a closer relationship with our policyholders and create a sense of community, building on the values formerly intrinsic to the defined benefit pension system.”

Jonathan Mindell, head of outsourcing for Europe, Middle East and Africa (EMEA) at Mercer, added: “We are very proud that PIC, which is a fast-growing organisation, has chosen to work with us, and we are committed to delivering to the most important beneficiaries of this project, its policyholders.”

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