Greene King appoints XPS Pensions Group as advisers

The trustee of the Greene King Pension Scheme has appointed XPS Pensions Group as actuarial and investment advisers.

Greene King is well known for brewing beer and running pubs in Bury St. Edmunds from its formation in 1799 by 19 year old Benjamin Greene. It runs over 2,900 pubs, restaurants and hotels and is the leading cask ale brewer in the UK.

The scheme has nearly £400m of assets providing pension benefits for around 2,500 members. The trustees sought an adviser to help them effectively work with the sponsor to ensure all members’ benefits can be paid.

Commenting, Greene King Pension Scheme, chair of trustees, John Smith, said: “We wanted an actuarial and investment adviser with smart ideas that would be proactive and would help us engage positively with the scheme sponsor. We are really pleased to have chosen XPS Pensions Group to work with us to help us design and manage a combined funding and investment strategy to ensure we can deliver on the pension promise to our members.”

XPS, scheme actuary and Leeds head, Lisa Whitby, said: “We are really pleased to be working with Greene King Pension Scheme Trustees to help them ensure their members receive their benefits in full. We are particularly pleased that the Trustees recognised that our smart solutions combined with our collaborative approach would help them work with the Sponsor to meet their objectives.”

The appointment follows a competitive tender process

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