Buck Bond Group

Sky appoints Buck to provide multiple services to its DC pension plans

Buck has been appointed to Sky’s two DC pension plans in the UK and Republic of Ireland, completing transition entirely during the UK-wide lockdown

LONDON, September 24, 2020 – Buck, an integrated HR and benefits consulting, technology, and administration services firm, today announced that it has been appointed to manage two defined contribution (DC) pension plans for Sky, a leading direct-to-consumer media and entertainment company. The larger Sky Pension Plan has around 43,000 active and deferred members. The smaller Republic of Ireland plan has around 1,000 members.

Sky was looking for a trusted and enthusiastic partner with a complementary company culture, one who could provide best-in-class expertise for its plans. Buck was appointed to the role after a successful tender process, which highlighted the firm’s technological experience, analytical approach, and commitment to partnership.

Buck 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.

David Piltz, U.K. Managing Director of Buck, comments:
“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.”

About Buck
Together with our clients, we’re defining the new social contract between employers and their employees 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 platform 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.

Media contacts:
Taneesha Pawar/Patrick Davies