GERMANY/UK - Law firm Wragge & Co has been appointed by two Celesio sponsored company pension funds to advise trustees.
Peter Smerdon, chairman of both trustee boards, said: "The Wragge & Co team has already shown its commitment to building a relationship with the trustees and other advisers, and we look forward to a successful partnership."
The Lloyds' Pharmacy pension scheme is defined benefit with the other a defined contribution plan. The funds have a combined £255m (US$502.5m) in assets under management.
Celesio, a listed German company which operates in 16 countries with 37,000 staff, generated €21.6bn (US$31.5bn) in revenue in 2006.
Over the past six months Wragge & Co has won mandates from large company pension funds including HJ Heinz, AT&T and Philips.
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.