Nottingham Building Society has become the fifth building society to join Enplan’s client list.
Enplan is operated by Entrust, which is part of professional services group Gateley and Isio.
Following a review of its defined benefit scheme operation in 2023, the Nottingham Building Society initiated a selection process, to modernise and future-proof the scheme’s pension management.
NBS selected Enplan due to the platform’s fully bundled solution, member support, competitive pricing, efficient access to investment markets, and its demonstrated success in facilitating buy-out transitions for smaller schemes.
The society will benefit from Enplan’s new investment platform, developed in collaboration with Schroders, to boost investment, monitoring, and digital reporting capabilities.
Nottingham Building Society chief financial officer Anthony Murphy says: “I’m pleased with how seamless the transition has been, thanks to the efforts of the Enplan team. Their commitment to efficiency is evident in how quickly they delivered our first valuation after taking on the scheme, whilst crucially allowing us to continue to improve our offering for scheme members.”
Entrust Pension Limited trustee associate adds: “We’re delighted to welcome Nottingham Building Society to the platform and support the society with the running of its DB pension scheme.”
