On the go: The Eastman Chemical Company’s three UK defined benefit pension schemes have selected Willis Towers Watson as their fiduciary manager and awarded a combined actuarial and administration services contract to WTW’s OneDB service.
Elaine Washington, director of benefits finance and investments at Eastman, said: “After a strategic review of our schemes’ providers we decided we would benefit from having one provider for actuarial and administration services across all three pension schemes. After a competitive tender, we were very pleased to appoint WTW’s OneDB to fulfil this brief.”
She continued: “We could see the benefits that WTW’s vastly experienced actuarial and administration teams would deliver across our schemes.
“But importantly, OneDB’s technology platform also provides an enhanced level of engagement for our members through its member portal, as well as a reporting dashboard that enables the trustee board to accurately monitor real-time progress in each aspect of the schemes.”
This article originally appeared on MandateWire.com
