UK - Independent actuarial firm Jagger & Associates has been appointed as investment advisers to the £2.8m Robertet (UK) pension scheme.
The appointment to the Surrey-based industrial fragrance manufacturers was made through Robertet’s existing actuarial providers, HighamNobbs Consulting.
Jagger & Associates director Simon Jagger said that Robertet’s trustees had come to recognise the benefits of stand-alone independent advice.Robertet’s £2.8m fund is managed on a balanced basis by Schroders.
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.