Unilever extends pension services contract to all of £3.5bn scheme

Consumer products giant Unilever has expanded its pension administration services contract with consultancy Hewitt to include current employees.

Hewitt was initially appointed by Unilever in 2003 to provide pension payroll and deferred pension member services to retired and former employees.

As part of Unilever’s continued development and integration of HR and pension services, Hewitt will now also administer pensions for existing employees. The five-year contract will cover 100,000 employee, pensioner and deferred members of the £3.5bn Unilever UK pension fund.

Hewitt will provide ‘back office’ support including record keeping and benefits settlement, alongside its existing payroll and deferred member services. Unilever’s in-house UK pension team will continue to have responsibility for policy, scheme financial management and communications.

Nigel Biggs, director of Unilever UK pensions department, said: “As we continue to evolve the structure for delivering across the range of HR and pension services it makes strategic sense to extend the contract to cover all of our members, both existing and former employees.”

To support integration between the two companies, Hewitt will enable Unilever pension and HR service centre staff to access its record keeping, workflow and document management systems.

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