UK - The £250m Retail and Motor Industry Federation (RMIF) pension scheme has initiated a review of its investment strategy.
Scottish Widows Investment Partnership (SWIP) and Baillie Gifford currently handle assets at the London-based plan; SWIP oversee a £238 index tracking fund, Baillie Gifford manage the remaining £12m money purchase fund.
The scheme is open to 10,500 companies within the federation, covering more than one million employees. David Wells, secretary to the trustees at the motor industry scheme, described the review as “routine”.
He added that the issue of risk diversification could be one topics up for discussion, but that the review was still in its early stages.
An outcome is expected at the end of November.
RIMF is advised by Bacon & Woodrow.
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