UK - Actuarial and benefits consultancy Lane Clark & Peacock LLP has been chosen by International Flavours & Fragrances (IFF) to provide investment consulting services to the trustees of the company's two closed defined benefit (DB) pension schemes in the UK.
IFF is one of the largest global producers of flavourings and fragrances.
IFF UK finance director Philip Gardner said: “We were looking for dynamic investment advice. LCP has an excellent reputation in this field and commitment to the goals of our pension schemes. By consolidating our advice across both DB schemes, we can bring the benefits of LCP’s proactive investment service to all our members.”
LCP investment partner Steven White said: “By drawing on the expertise of our investment consultancy team, we expect to bring further improvements to the schemes’ excellent range of existing investments.
“We will assist the trustees in exploring new investment opportunities whilst maintaining focus on managing investment risk and maintaining communications with the schemes’ members.”
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