UK - Schroders has lost approximately £100 or 30% of the assets previously managed on behalf of the £310m Pennon Group Pension Scheme after a portfolio restructure which saw it move away from its multi-asset manager model.
Prior to the restructure, advised by Hewitt Associates, the fund had two multi-asset managers - Schroders managing 30% and UBS 70% of the assets. Under the reshuffle, three new managers have bee...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date