Southern Housing Group Ltd., London, selected KPMG LLP as administrator and actuarial and investment consultant for its pension funds, according to a notice on European procurement website Tenders Electronic Daily.
KPMG will provide advice to the employees of the housing association's two defined benefit funds: the £45 million ($58.3 million) 1964 Southern Housing Group Pension Plan and the £17.8 million 2017 Southern Housing Group Pension Plan.
KPMG will also provide other services including administration reporting, transfers, online benefit statements and the calculation of pension benefit increases.
An RFP was issued in April 2019.
A spokesman could not immediately be reached to provide further details