On the go: The £86m Laurel Pub Pension Scheme and its sister, the £14m Yates Group Pension Scheme, have appointed Kempen Capital Management as their fiduciary manager.
The two schemes, which are both sponsored by pub company Stonegate Group, cover 15,000 members.
Through this full fiduciary management mandate, Kempen will work with the schemes to implement a collaborative investment strategy and work to achieve the schemes’ and sponsoring employer’s funding objectives and journey to full funding.
The tendering process, which ran during 2021, was overseen by Anthony Webb and Aqib Merchant at Isio.
Andrew Campbell, professional trustee at Bestrustees and chair of the trustee boards of both the Laurel Pub scheme and Yates Group scheme, said: “During the formal tender process, Kempen demonstrated their understanding of what the trustees want to achieve and how their skills and expertise would help us deliver these objectives.”
He continued: “They stood out as being dynamic, having a real desire to work with us and being able to explain complex investment issues using plain language. As a result, both trustee boards were unanimous in appointing Kempen.”
This article originally appeared on MandateWire.com
