UK- Hotel group Le Meridien has appointed Jardine Lloyd Thompson (JLT) to provide pension administration services for its new money purchase scheme that is set to provide for around 1,000 of its UK employees by the end of next year.
Peter Bennett, Le Meridien’s vice president of human resources said: “we undertook a detailed selection process through a competitive tendering exercise. The Trustees were seeking an administrator capable of offering genuine value to the setting up and ongoing administration of the new money purchase scheme.
"The JLT team demonstrated a high level of understanding of our needs and were also creative in their approach to the project.”
The appointment coincides with the announcement by the manufacturing company CeDo that it has hired Jardine Lloyd Thompson to provide consulting and administration services to to its pension scheme.
Sylvia Murray, group financial services manager at CeDo said: “we are delighted to have appointed JLT to administer our schemes as the team demonstrated a high level of understanding of our needs, and we are looking forward to working with them”.
JLT replaces Mercers as advisors to the CeDo scheme.