UK – Merill Lynch Investment Managers (MLIM) has secured a mixture of new defined contribution (DC) and stakeholder mandates.

Insurance group, Chubb, have chosen MLIM to run their new stakeholder scheme, which is Chubb’s first use of a DC arrangement, whilst construction services company, Carillion, have appointed MLIM to run its stakeholder, DC and additional voluntary contributions pension schemes. No further details about the mandates are available.

The wins come during a period of unprecedented DC activity for MLIM, with investment partnerships being formed with Invesco and Zurich Scudder and other mandate wins including a £800m (€1,265m) equity mandate from Marconi.

MLIM is among the world’s leading investment management groups with over $533bn under management.

Topics