UK - Invesco Pensions has bagged a three-part mandate from Twyford Bathrooms.
The firm will manage Twyford’s defined contribution scheme including additional voluntary contributions (AVCs), stakeholder, and AVCs for the defined benefit scheme.
The move follows the establishment of new pensions arrangements for Twyford’s 900-plus employees after its recent acquisition by the Sanitec Group.
The win builds on Invesco’s mandate from fast food giant McDonalds Restaurants in June, as provider of its corporate stakeholder pension scheme.
By Madhu Kalia
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