Sky appoints Buck to provide services for UK and Irish DC schemes

Media and entertainment company, Sky, has appointed Buck to provide a range of services to its UK and Irish defined contribution schemes.

The transition was completed during the lockdown that took place earlier this year. The larger Sky Pension Plan based in the UK has around 43,000 active and deferred members. The smaller Republic of Ireland plan has around 1,000 members.

Buck was appointed to the role after a successful tender process and it will provide a range of services for the two plans, including administration, consultancy, DC strategy, trustee secretarial services, and focused member communications.

Buck carried out the full transition of the plans from the previous administrator during the UK’s Covid lockdown. Despite the size of the project and the unexpected conditions, the transition was completed entirely within the agreed pre-Covid timelines.

Commenting, Buck UK managing director, David Piltz, said: “We’re delighted to be partnering with Sky, a prestigious company and one whose culture matches our own so well.

“Taking on a plan with more than 43,000-members during an unforeseen global pandemic and nationwide lockdown was not a simple task, and our exceptional people completed this transition expertly and on time during very difficult circumstances. We’re proud to have demonstrated to Sky that their needs remained a key focus throughout the implementation — a great way to start a new relationship.”

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