£240m Calor Group plan appoints GSAM as fiduciary manager

GSAM replaces Cardano as trend for schemes to review existing arrangements continues

Jonathan Stapleton
clock • 2 min read
Roger Mattingly, Christy Jesudasan and Peter Daniels
Image:

Roger Mattingly, Christy Jesudasan and Peter Daniels

The Calor Group Retirement Benefits Plan has appointed Goldman Sachs Asset Management (GSAM) as fiduciary manager to replace Cardano.

The liquefied petroleum gas supplier's scheme said the appointment followed a competitive tender process overseen by Barnett Waddingham. The scheme has been under fiduciary management since 2019. ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

New PP research shows investment governance is under pressure

New PP research shows investment governance is under pressure

The Cost of Comfort: Rethinking Investment Governance in a New Era of Endgame

Professional Pensions
clock 05 June 2026 • 1 min read
DB scheme funding levels remain steady in May, Broadstone finds

DB scheme funding levels remain steady in May, Broadstone finds

Sirius Index shows growth-focused scheme funding level increased by 0.5% last month

Martin Richmond
clock 04 June 2026 • 1 min read
DB endgame strategies 'not yet set in stone'

DB endgame strategies 'not yet set in stone'

WTW finds 57% of schemes plan to review their endgame strategy in the next two years

Martin Richmond
clock 28 May 2026 • 5 min read
Trustpilot