BT Pension Scheme Re-Appoints Accenture to Serve Its 300,000 Members
July 30 2015 - 9:03AM
Business Wire
Accenture (NYSE:ACN) has signed an eight-year contract to
continue to provide the BT Pension Scheme (BTPS) with pension
administration services. This contract is an extension to work
Accenture has supported for the past 15 years.
With a fund worth more than £40 billion as of June 30, 2014 and
more than 300,000 members, BTPS is one of the largest private
sector pension schemes in the UK. Accenture has committed to
continue to develop its pension administration capability which
will further enhance the Scheme’s ability to provide high quality
pension administration support to its members.
The service will be delivered through Accenture’s dedicated
pensions services centre in Chesterfield, UK and supported by a
smaller team in Bangalore, India.
Paul Spencer CBE, Chairman of the BT Pension Scheme Trustee
Board said:
“Following a review of the market, the Trustee and BT appointed
Accenture as the Scheme’s pension administrator for eight years on
new contractual terms.”
“This new contract provides for further investment in the
administration function to continue to enhance the service provided
to members. It secures a stable administration platform for the
Scheme and will enable the Trustee to work in partnership with
Accenture to meet the ongoing needs of the Scheme.”
Neil Duncan, managing director, Accenture Pension Services
said:
“It’s a critical time for the pensions industry as we are seeing
unprecedented legislative change, increased financial burden on
sponsoring employers, further regulatory requirements for trustees
and a shift in public perceptions, employee attitudes and member
expectations.”
“Accenture has responded by making significant investments in
new pensions technologies and innovation which will provide the
foundation for an ambitious growth strategy across our UK
business.”
About BT Pension Scheme
BT Pension Scheme (“BTPS” or the “Scheme”) is one of the UK’s
largest corporate defined benefit (DB) pension schemes with assets
of over £40 billion (as of 30 June 2014) and over 300,000 scheme
members.
This press release is issued and approved by BT Pension Scheme
Limited of 1 Portsoken Street, London E1 8HZ. This document is not
an offer to sell or an invitation to apply for any product or
service of BTPSM Limited.
About Accenture
Accenture is a global management consulting, technology services
and outsourcing company, with more than 336,000 people serving
clients in more than 120 countries. Combining unparalleled
experience, comprehensive capabilities across all industries and
business functions, and extensive research on the world’s most
successful companies, Accenture collaborates with clients to help
them become high-performance businesses and governments. The
company generated net revenues of US$30.0 billion for the fiscal
year ended Aug. 31, 2014. Its home page
is www.accenture.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150730005081/en/
AccentureVictoria Fairclough, +
44-7775-110625victoria.fairclough@accenture.comorBT Pension
SchemeJeannie Dumas, + 44-20-7680-2152j.dumas@btps.co.uk
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