Equiniti wins nuclear industry pension admin contracts
Published 06 Nov 2018Equiniti Group PLC said Wednesday it has been awarded two pensionadministration contracts in the UK nuclear sector.
The FTSE 250-listed company, which provides payment services and financial administration technology, said the contracts are for the UK Atomic Energy Authority and for the Combined Nuclear Pension Plan, covering 60,000 members in total.
Under the terms of the contracts, Equiniti's pension division, EQPaymaster, will support virtually all employees and former employees engaged in the UK nuclear industry.
The company said it will transfer the work directly onto its CompendiaTouch pension administration platform.
EQPaymaster Chief Executive Officer Ric Williams said: "I am delighted to welcome UK Atomic Energy Authority and CNPP as direct clients.
"I intend to build on my ambitious and capable team, that is already doing highly skilled work for clients who are not only important to us, but also to the UK's energy infrastructure."