Mercer grabs three more funds
UK – William M Mercer has been appointed as administrator to three pension schemes, including a new plan. The £18.9m Vymura, £15.6m Sagar and the new Sportech pension plans are all associated with the family interests of T J Hemmings.
Bacon & Woodrow was the incumbent for wall covering manufacturer Vymura’s retirement scheme. The pension plan of Sagar, owners of the Pontins Holiday Camp group, was previously administered by Scottish & Newcastle.
The Sportech pension plan does not have a previous administrator, and it includes members who were employed by the Littlewoods football pools business.