The U.K. pension plan of Northrop Grumman has selected Punter Southall as its scheme actuary, Professional Pensions reports. The new actuary will seek to provide actuarial advice for the 700 members.
The £80 million scheme has appointed Punter Southall through a competitive tendering process. Punter Southall, an actuarial, employee benefit consultancy and pension administration services provider, has also won the mandate for the Baxters Food Group Pension Plan and Transport for London earlier this year.
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