E.ON UK scheme appoints Schroders Solutions for OCIO brief

The appointment follows a strategic review by the trustee board looking at the scheme's long-term investment needs, with a focus on achieving value for money.

Schroders Solutions has overall control of the group's investments, both through direct asset management and by appointing external investment managers.

The asset manager will also have discretion over asset realisation timings to meet cashflow needs and will be committed to the group trustee's statement of investment principles (SIP).

E.ON UK Group of the Electricity Supply Pension Scheme group trustee chair Martine Trouard-Riolle said: "We are delighted to appoint Schroders Solutions as principal investment manager following a highly competitive selection process. The proposition and the team put forward by Schroders demonstrated a strong balance of proven investment components and value for money."

Schroders Solutions lead OCIO strategist Ross Leach added: "We are proud to be appointed by the E.ON UK group trustee under a OCIO mandate for the E.ON UK Group of the Electricity Supply Pension Scheme. We are grateful for the trust placed in us and look forward to working closely with and delivering for the group trustee."

This appointment, which was funded in 2025, follows a string of mandate wins for Schroders Solutions over the past years – including a £740m fiduciary management mandate from the Aga Rangemaster Group Pension Scheme last March; a £10bn OCIO mandate from the trustees of Centrica's pension schemes in April 2022; a £1.2bn OCIO mandate covering five of Kier Group's schemes in September 2023; an OCIO deal to manage the benefits of the closed Tesco Defined Benefit Pension Scheme  in February 2024; and its appointment as fiduciary manager by the Merchant Navy Ratings Pension Fund in May 2024.