On the go: Warwickshire County Council has hired the West Yorkshire Pension Fund as pensions administration provider for the Warwickshire Firefighters’ Pension Scheme.
Following a search launched in June 2021, the council, acting on behalf of the Warwickshire Fire and Rescue Service and Shropshire Wrekin Fire Authority, has appointed the £16.2bn West Yorkshire Pension Fund to provide pensions administration and pensioner payroll services.
Services include the provision and hosting of IT software, workflow, and document imaging functionality. The contract commenced on October 1 2021 and will run until March 31 2027.
The council received two bids for the tender, according to the September meeting documents of the Warwickshire Fire and Rescue Local Pension Board of the Firefighters’ Pension Scheme.
As previously reported by Pensions Expert’s sister title MandateWire, the Warwickshire Firefighters’ Pension Scheme is outsourcing administration to manage and mitigate the risks associated with having to service a very specialised area for a relatively small number of members.
The contract with West Yorkshire Pension Fund is expected to provide savings to the scheme. The scheme is now working to transfer the service from April 1 2022.
This article originally appeared on MandateWire.com
