Investment - Articles - Hays Pension Scheme chooses EQ Paymaster

 The six-year contract entails making payments and supporting members, as well as ongoing work towards GMP equalisation. The Scheme has over £850m in assets to cover benefits due to its members, of which a significant portion are deferred. Under the contract, EQ Paymaster’s data experts will continue to embark on a series of projects including address tracing, mortality screening, and benefit audit work.

 EQ Paymaster has worked with Hays since 2007 and supported the recent buy-in for its 2,500 pensioners with Canada Life.

 Mark Paul, Relationship Director at EQ Paymaster, commented: “We’re delighted we will be working with Hays Pension Scheme for a further six years. It is an excellent example of a Scheme which is working diligently to support its members. Our significant expertise working with pension schemes throughout their life cycles means that we are well placed to continue our support with a wide range of potential projects from data cleansing to GMP equalisation.”

 Kath Bedford, Pensions Manager at Hays Pension Scheme, commented: “We are very pleased to continue working with EQ Paymaster, with such a proven track record for looking after our members. Building on our excellent working relationship, this appointment is part of our long-term strategy for the Scheme as we work to delivering the pension benefits promised to our members.”

 Sean Burnard, Law Debenture, Chair of Trustees commented, “The Trustee is looking forward to continue working collaboratively with EQ to secure the members’ benefits for the future.”