UK - Yorkshire Fittings has appointed Jagger & Associates to act as investment advisers on its newly-created pension scheme.
The final salary scheme was set up after the copper fittings firm – formerly part of engineering group IMI – was taken over by Dutch company Aalbert’s Industries.
The scheme is expected to have assets of around £35m transferred from an existing IMI scheme. It is to be managed within a global equity portfolio and a long-dated corporate bond portfolio.
Jagger & Associates Simon Jagger said: “Yorkshire Fittings recognises the need to examine investment issues closely, especially during the process of establishing their scheme.”
He added: “This appointment marks another key stage in the continued development of our client portfolio across the country.”
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