MNOPF hires Watson Wyatt as fiduciary manager

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THE Merchant Navy Officers Pension Fund has appointed Watson Wyatt to take on the management of its £3.2bn of assets in what is believed to be the largest fiduciary mandate awarded in the UK.

The consultancy firm told PP the mandate had been under negotiation for sometime and would "engage and advise" the entire fund. A Watson Wyatt spokesman said the concept of fiduciary management, w...

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