UK - Ciba Specialty Chemicals (UK) Pension Scheme has awarded Insight Investment a £53.4m fixed income mandate.
Explaining the decision, Ciba chairman of trustees, Mark Wright, said: “We were able to base our decisions on our observations of consistent performance above benchmark, with limited volatility.”
Insight Investment's head of institutional business, Sarah Aitken, added: “For 2007, we are focused more than ever before on enhancing our service to clients through ongoing collaboration with trustees, investment consultants and managers; with additional support wherever possible, for example through trustee training.”
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The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.