UK - Multi-manager Investment Solutions Limited has been appointed investment manager for the Whitgift Foundation's £4m closed defined benefit (DB) pension scheme.
Martin Corney of Whitgift commented: “We were looking for a low-risk yet efficient means of running our closed DB pension scheme for its existing members.
“Investment Solutions ability to meet the investment needs of our closed scheme was the primary reason for their selection as investment manager.”
Investment Solutions business development director Justin Taurog said: “Our range of funds has been designed with the needs of closed DB schemes in mind and we are able to provide uniquely suitable, bespoke solutions for these schemes. The Investment Solutions approach is to provide a fund range that adapts dynamically to the evolving needs of such schemes as they change through time.”
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).