Kingfisher puts £2.8bn scheme on cloud administration service

clock •

Kingfisher has selected a private cloud hosting service for the administration of its £2.8bn defined benefit (DB) pension scheme.

Provided by Profund, the service will replace in-house systems and manual processes with increased automation and streamlined processes. This comes after Kingfisher - owner of B&Q - saw the fund...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Author spotlight

Natasha Browne

View profile
More from Natasha Browne

Equity market turmoil a wake-up call for schemes mid-valuation

FTSE350 deficits fall 7% despite market volatility

More on Admin / Technology

Pension administrator capacity biggest obstacle to buyout, LCP finds
Admin / Technology

Pension administrator capacity biggest obstacle to buyout, LCP finds

LCP says schemes at risk of being caught in ‘bottlenecks’ due to lack of administrator bandwidth

Martin Richmond
Martin Richmond
clock 18 December 2024 • 2 min read
Aptia partners with HSBC on pension payments
Admin / Technology

Aptia partners with HSBC on pension payments

Partnership will see firm adopt bank’s payment pre-validation API to reduce risk of errors or fraud

Martin Richmond
Martin Richmond
clock 16 December 2024 • 1 min read
Majority of asset managers using AI to support investment research
Admin / Technology

Majority of asset managers using AI to support investment research

XPS analysis finds four-fifths using a form of AI to improve their internal business efficiency

Martin Richmond
Martin Richmond
clock 12 December 2024 • 3 min read
Trustpilot