On the go: The £1.7bn Honda Group UK Pension Scheme has selected Mercer to provide fiduciary management services.
Mercer, which was appointed following a review of the scheme’s governance approach, will provide operational and implementation support to the pension fund, it stated.
“We were looking for a partner to help us achieve our investment objectives for the scheme. The Mercer team gave us the confidence that they have the skills and expertise to deliver a highly bespoke solution, specific to our requirements,” said Mike Godfrey, chair of the Honda trustee investment subcommittee.
He added that the “continued integration of environmental, social and governance and climate change considerations into our investment strategy” had been key to the manager’s appointment.
Dan Melley, partner and head of UK investments at Mercer, said he expects the trend towards larger schemes using fiduciary management solutions to continue.
“Market uncertainty, governance burdens and increased focus on ESG integration seem to be driving renewed consideration of fiduciary management solutions,” he noted.
This article originally appeared on MandateWire.com
