Investment - Articles - Sky appoint Buck for services for their DC pension plan


Buck have announced that it has been appointed to manage two defined contribution (DC) pension plans for Sky. The larger Sky Pension Plan has around 43,000 active and deferred members. The smaller Republic of Ireland plan has around 1,000 members.

 Sky was looking for a trusted and enthusiastic partner with a complementary company culture, one who could provide best-in-class expertise for its plans. Buck was appointed to the role after a successful tender process, which highlighted the firm’s technological experience, analytical approach, and commitment to partnership.
 
 Buck will provide a range of services for the two plans, including administration, consultancy, DC strategy, trustee secretarial services, and focused member communications. Buck carried out the full transition of the plans from the previous administrator during the UK’s COVID lockdown. Despite the size of the project and the unexpected conditions, the transition was completed entirely within the agreed pre-COVID timelines.
 
 David Piltz, U.K. Managing Director of Buck, comments: “We’re delighted to be partnering with Sky, a prestigious company and one whose culture matches our own so well. Taking on a plan with more than 43,000-members during an unforeseen global pandemic and nationwide lockdown was not a simple task, and our exceptional people completed this transition expertly and on time during very difficult circumstances. We’re proud to have demonstrated to Sky that their needs remained a key focus throughout the implementation — a great way to start a new relationship.”
  

Back to Index


Similar News to this Story

Questions raised over durability of Middle East ceasefire
FTSE opens higher this morning. US stock futures give up some of yesterday’s gains. Oil gains ground after renewed Israeli strikes on Lebanon. Meta’s
Middle East ceasefire sends oil lower and stocks higher
Stock markets bounce on Middle East ceasefire. Oil posts double-digit drop on hopes the Strait re-opens. Interest rate expectations react to potential
Aviva completes £100m buyin with Iveco Pension
Aviva has completed a £100 million bulk purchase annuity transaction with the Iveco Limited Pension Scheme, securing the benefits of all 225 deferred

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.