The Buck brand has been revived following the completion of the sale of Conduent’s benefits business to an investment fund managed by private equity firm HIG Capital.
Buck Consultants was rebranded as a Xerox company before being rebranded Conduent following the earlier division of the business into two standalone firms. Buck – minus the ‘Consultants’ – is the new name of the HR business that has been created following its demerger from Conduent.
In the UK, the business will have two distinct focuses. Firstly, providing actuarial and investment consulting services to trustees and company sponsors of UK pension schemes, and also outsourced/co-sourced pensions administration, across both defined benefit and defined contribution schemes.
It will also focus on improving the employee experience through effective benefits programmes which increase staff engagement and motivation. This will be supported through technology and data analytics solutions that streamline the benefits process and provide insights from and connect the disparate data present in many HR departments.
Piltz says: “The UK launch of the new Buck aims to use the extensive experience of our team with the advantages that technology-driven solutions bring to both pension schemes and employee benefits within a business. Financial and personal wellbeing are key issues that both trustees and employers need to prioritise in the coming years. Whether it’s providing an effective pension fund risk management strategy, or offering opportunities for individuals to better understand their personal finances, we aim to exceed our clients’ expectations by being nimble and easy to do business with, and combining our vast expertise with the very latest technology and decisioning tools.”
Buck chief executive officer Jack Freker says: “Our UK business has always been fundamental to the strength and growth of our organisation and I’m confident that this new chapter in our history will build upon this as we continue to evolve and expand.”