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News . Defined Benefit

Macmillan appoints Mn Services to run scheme investment strategy

Professional Pensions | 29 Jul 2010 | 12:03

The Macmillan Cancer Support pension scheme has appointed Mn Services as its fiduciary manager, to advise the trustees on their investment strategy.

smart-sarah-pensions-trust-chairman

Macmillan Cancer Support Pension Scheme trustee chairman Sarah Smart says: "Our board of trustees recognises that we don't have the governance budget to manage all aspects of our investments in relation to our liabilities on a continuous and integrated basis.

"Fiduciary management enables us to delegate the day-to-day integrated management and monitoring of our assets to a team of professionals, while retaining control over our strategy."

Mn Services aims to achieve the trustee's funding level objective by enhancing the risk/return profile and will also implement, monitor and manage the strategy on a continuous and integrated basis.

The fiduciary manager will cover all aspects of the scheme's investments - including investment strategy advice, dynamic asset allocation and risk management, manager selection, cash management, custodian management and socially responsible investment.

 

 

 

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