£1.5 billion P&O Pension Scheme appoints Barnett Waddingham

Published by Robert Hawkes on

We are delighted to have been appointed to provide actuarial services to the £1.5 billion P&O Pension Scheme, with effect from January 2016.

The P&O Pension Scheme is linked to DP World, a global company that has a portfolio of more than 65 marine terminals across six continents, including new developments underway in India, Africa, Europe and the Middle East.  DP World takes great pride in its association with the venerable heritage of P&O and is committed to preserving and protecting the history of this famous British company.

Barnett Waddingham stood out in a very competitive field according to Steve Delo, Chief Executive of PAN Governance LLP, the Independent Chair of the trustees for the scheme. He added: "The Trustee Board was greatly impressed by the way in which Barnett Waddingham’s team blended deep technical knowledge with strong communication skills.  They made a real effort to understand our scheme’s needs."

"We are delighted with our appointment and very pleased to be working with this experienced Trustee Board and the Pensions Manager Jane Healy. We look forward to supporting them with the longer term objectives for the scheme."
Robert Hawkes Partner, Barnett Waddingham and scheme actuary