Kempen announces two UK fiduciary mandate wins

Jonathan Stapleton
clock • 2 min read

Kempen Capital Management has announced it has completed the transfer of two new fiduciary management mandates.

The fiduciary management firm said it had been appointed to act as fiduciary manager for both the £17m Pauls Malt Pension and Life Assurance Scheme and for the £62m National Centre for Social Research Retirement Benefits Scheme.

Both pension schemes appointed Kempen's fiduciary team following tendering processes at the end of 2019, processes that are believed to represent some of the first to follow the latest recommended tendering as required by the Competition and Markets Authority, from start to finish.

Kempen said both schemes took the decision to move from the traditional investment consulting model to fiduciary management and appointed separate selection consultants to help guide them through the process.

The Pauls Malt scheme was supported by First Actuarial and the National Centre for Social Research fund was advised by IC Select

Kempen UK managing director Andre Keijsers said: "We are proud that both pension schemes have selected us to carry out their fiduciary management, and look forward to delivering on this choice - always focusing on the best outcomes for scheme members. At Kempen we are acutely aware of the broader landscape of evolving UK pension schemes, and the deep responsibilities involved.

"Many pension schemes are navigating a volatile global financial world, in these turbulent times. Yet even a team of dedicated trustees will benefit to call on experts. We look forward to providing expert advice and fiduciary management to many more pension schemes in the UK, and supporting the best possible outcomes for their members across the country."

Head of fiduciary management business development Nicholas Clapp added: "We are delighted to have both new clients on board and have also been the successful fiduciary manager for two of the selection consultants involved.

"Just as the UK enters a new phase of transparency in the realm of selecting fiduciary managers, global events have underlined the importance for schemes of selecting truly impartial experts if they do not feel they have the capability themselves. We look forward to working with many more such pension schemes, as the ongoing effects of Covid-19 underline the dual importance of risk management and of independent, long-term thinking."

More on Investment

Border to Coast strengthens responsible investment policies

Border to Coast strengthens responsible investment policies

LGPS pool outlines plan to vote for resolutions aligned with the Paris climate agreement

Martin Richmond
clock 29 February 2024 • 2 min read
Schroders posts 'resilient performance' despite 'market headwinds'

Schroders posts 'resilient performance' despite 'market headwinds'

Profits down as a result of restructuring costs but assets under management up by 2%

Cristian Angeloni. Additional reporting by PP.
clock 29 February 2024 • 3 min read
Partner Insight: How effective are impact investments?

Partner Insight: How effective are impact investments?

Impact investing has transformed over the past decade, giving investors the opportunity to pursue both financial returns and social and environmental outcomes.

Sarka Halas
clock 29 February 2024 • 2 min read