National Trust Retirement and Death Benefits Scheme, Swindon, England, hired Punter Southall as its £12 million ($18.8 million) defined contribution plan’s first consultant, confirmed Nicholas Clapp, client relations manager at Punter Southall.
The fund began a shortlist search in April. No consultant assisted.
The scheme needed a consultant to help it prepare for auto-enrollment requirements expected in 2012, as the National Trust’s employee roster nearly doubles in the summer with temporary workers, Mr. Clapp said.
Judith Alborough, assistant director of payroll and pensions at the National Trust, could not be reached by press time for further information.