INVESCO cleans up with Twyford Bathrooms mandates
UK - INVESCO Pensions has been awarded a three-part mandate by Twyford Bathrooms, following the establishment of new pensions arrangements for Twyford’s 900 plus employees after its recent acquisition by the Sanitec Group.
NVESCO will manage Twyford’s defined contribution (DC) scheme including AVC’s, the stakeholder scheme and AVC’s for the defined benefit scheme.
The INVESCO appointment by Twyford Bathrooms comes on the back of another recent mandate win to act as provider of the corporate stakeholder pension scheme for McDonalds Restaurants Ltd.
Commenting on the win, David Butcher, chief executive of INVESCO Pensions, says: “Our DC and stakeholder pension range, offered on a multi-manager platform, is one of the broadest available and can be tailored to suit a variety of client needs. We are delighted to have been appointed by Twyford Bathrooms and look forward to working with them.”