UK - Hewitt Bacon & Woodrow has been appointed investment consultant to Woolworth, Newsquest and Channel 4's pension schemes.
Hewitt will handle investment consultancy work for the Woolworth Group, which operates a final salary scheme for its 33,000 employees.
Initially the firm will help the scheme trustees form an investment strategy and implement a fund management structure.
Regional newspaper publishing giant Newsquest has hired Hewitt to give investment advice on its two pension funds.
Head of UK investment practice Anthony Ashton said: “In these times clients understand that the right strategy and asset allocation benchmarks are more important than fund selection.
“We have seen more organisations buying into our approach – one in which we aim to help trustees make informed investment decisions and set their own agenda.”
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
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