UK - According to reports, trustees of the BT Pension Scheme have considered implementing a new business plan for Hermes, the fund's spin-off investment business, which will be announced later this month.
Reports have stated the various operating divisions of Hermes may be broken up into separate ‘boutique’ operations in a bid to improve performance.
Speaking to Global Pensions, Colin Hartridge-Price, secretary to the trustees of the BT Pension Scheme, could neither confirm nor deny the rumours but said that interested parties would be informed when a decision was reached.
Similarly, a spokesperson for Hermes declined to comment, except to say no decisions had yet been reached and there was nothing definite to report.
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