Pensions - Articles - Mercer wins major Outsourcing appointment

 Mercer has been appointed by Polestar Pension Trustee Limited to carry out full administration services for the Polestar Pension Scheme, a closed defined benefit scheme.
 
 The scheme, which has been closed to new members since April 2003, has over 8,600 pensioners and deferred members.
 
 Jill Carruthers, a Principal at Mercer and Client Relationship Manager for the Polestar Pension Scheme, commented: “The scheme is amongst a growing number of closed schemes now outsourced to external administrators. The benefits of this move include long-term cost savings and efficiencies from using a specialist provider, and the ongoing investment in staff training, online member communications and specialist administration systems.
 
 “We’re delighted to be taking care of this major scheme,” she added.