UK - The £559m Rhodia Pension Fund is to change its investment structure following a merger with another scheme.
The Rhodia Pension Fund merged with the Albright and Wilson Pension Fund at the beginning of April. The scheme now has more than 9500 members.
Rhodia currently employs Liontrust Asset Management, Societe Generale Asset Management, Deutsche Asset Management, US-based STW Fixed Income Management, JP Morgan Fleming Asset Management and Legal and General Investment Management among others.
Following the redesign of the scheme, Keith Cunningham retired as UK pensions director.
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