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Caithness News Bulletins April 2005
22 April 2005
UKAEA’s pension service currently administers nuclear sector pension schemes which cover 47,000 members across a number of employers – BNFL, UKAEA, the Radiation Division of the Health Protection Agency (formerly the National Radiological Protection Board), the Ministry of Defence, and some research councils.
Dipesh Shah, UKAEA Chief Executive said: “The agreement with RWE NUKEM Pension Scheme Trustees is further welcome recognition for the highly professional service that our pensions team provides.”
Michael Down, Managing Director of RWE NUKEM said “Our trustees are delighted that we have been able to award this contract to UKAEA and we believe this is a most beneficial move for RWE NUKEM membership. The UKAEA Pensions Administration is a highly respected organisation with a unique knowledge in administering pension schemes in our industry.”
The UKAEA Pensions Administration Office at Thurso provides a range of pension administration services including benefits, payroll and accounts. It operates a commercial pensions software system provided by Heywoods.
UKAEA will be providing all of the above services to the RWE NUKEM Scheme and will also provide access for members to an on-line web page facility.
The administration service to the RWE NUKEM Scheme was previously carried out by Capita HartsheadResources.
UKAEA is responsible for decommissioning its former research sites at Dounreay, Windscale, Harwell, and Winfrith and maximising the income from its land and buildings. UKAEA also implements the UK’s fusion programme, including management of the international JET facility at Culham.
Following a strategic review, undertaken jointly with government, UKAEA is to go ahead with plans to develop as a business to compete for nuclear and non-nuclear business in the UK and overseas.
UKAEA turnover in 2003/04 was £408 million and it has a staff complement of 2,400.