Punch Taverns has appointed Hewitt Associates to provide pensions administration and pensions manager support services.
Punch Taverns’ £320 million pension scheme, which includes both defined benefit and defined contribution members, has more than 11,000 lives including both active and deferred members.
Simon Belton, group pension manager at Punch Taverns, said: “We were already receiving actuarial and investment advice from Hewitt, so we have had the opportunity to build a strong working relationship. Using Hewitt for pensions administration services for our Spirit Group and Retail pension schemes was a logical extension of that.
“Outsourcing the pension manager support role to Hewitt is also proving valuable. By establishing a single direct contact point for tracking and sharing information it has become easier to demonstrate to trustees that the fund is being efficiently managed and also to communicate this to members and employees.”
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