LONDON, December 9, 2019 – Since launching as an independent business in August last year, Buck, a leading consulting, technology, and administration services firm specialising in pensions and employee benefits, has won 36 new client contracts — including BASF, Vaillant, Belmond, First Data, and Euler Hermes — across the U.K. as it continues to meet market demand.
With Buck’s pensions administration solution leading the bulk of these wins, clients consistently cited innovative technology solutions and superior member experience as reasons Buck was selected.
Lynne Rawcliffe, Scheme Pension Manager at BASF, commented:
“BASF in the UK is delighted to announce that Buck are now providing pensions administration, accounting, treasury, and pensioner payroll services to the members of the BASF UK Group Pension Scheme. This complements the share plan administration that Buck has provided to BASF in the UK for the last 16 years. Buck’s commitment and enthusiasm to work with us, including support for our many projects, were very important in our decision. Buck’s Bristol Team has worked hard to develop an excellent working relationship with the Trustee and BASF’s in-house pension team. They clearly think for themselves rather than simply following a process. We’re looking forward to continuing to work together in the future.”
Buck is changing the way organisations think about their employee benefits programmes. Taking a digital-first approach, Buck has increased the speed and efficiency of member service delivery through developments such as the automation of member calculations, allowing a greater level of self-service alongside dedicated support for more complicated cases. In addition, Buck has seen an upward lift in its defined contribution consulting business, with clients preferring Buck’s independent approach to master trusts and the impartiality of the advice this allows.
Behind the company’s success sits Buck’s commitment to redefining the social contract, a two-way, mutually beneficial agreement between employers/trustees and employees/members. This focus has been critical as Buck considers each organisation’s unique culture and program objectives and identifies the right ways to engage employees and pension scheme members through flexible and innovative employee benefits and pension plan management strategies.
David Piltz, UK Managing Director at Buck, added:
“It’s clear that organisations want Buck to help them make a difference to the management of their pension schemes and employee benefits programmes. There is no greater testament to our commitment to redefining the social contract and helping our clients and their people succeed together than being selected by these top organisations as their pension and benefits partner.
“As we look to the future, we’re confident that our deep experience and commitment to technology innovation will enable us to constantly evolve to anticipate and meet the needs of our clients for many years to come.”
About Buck
Together with our clients, we’re defining the new social contract between employers and their employees, and trustees and members, to not only accommodate shifting expectations, but to stay ahead of them. Driven by best-in-class technology and leading analytics capabilities, our consulting solutions and easy-to-use administration platforms are helping the world’s most forward-thinking organisations re-envision and re-design the way people work and live. For more information, visit www.buck.com.
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