Updated: Royal Mail Pension Plan hires BlackRock to manage £8.8bn OCIO brief

Deal sees three members of RMPP’s investment team transfer to BlackRock

Jonathan Stapleton
clock • 2 min read
RMPP said the deal would help it lock in the stability and continuity of its current funding position
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RMPP said the deal would help it lock in the stability and continuity of its current funding position

The 118,000 member Royal Mail Pension Plan (RMPP) has selected BlackRock to manage its £8.8bn of pension scheme assets as an outsourced chief investment officer (OCIO).

As part of the deal, three members of the scheme's investment team will move to BlackRock to continue to manage the plan's investments - including RMPP chief investment officer Ian McKnight. The...

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