Trustees of E.ON UK Group of the Electricity Supply Pension Scheme have appointed Schroders Solutions as the principal investment manager under a full outsourced chief investment officer (OCIO) mandate.
The appointment, which was funded in 2025, follows a “comprehensive strategic review” by the group’s long-term investment needs, with a focus on achieving value for money, it disclosed.
As part of the mandate, Schroders Solutions has overall control of the group’s investments, both through direct asset management and by appointing external investment managers.
Schroders Solutions 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.
According to the latest newsletter from the scheme, it has £2.97bn in assets under management, and 22,284 members.
Its investment strategy is to hold a diversified range of asset classes, aiming to achieve a relatively low risk. As at 31 March 2025, the pension fund assets included liability hedging assets, bonds, equities, multi-strategies, private equity and others (see graph).
Martine Trouard-Riolle, chair of the group trustee of E.ON UK Group of the Electricity Supply Pension Scheme, said: “The proposition and the team put forward by Schroders demonstrated a strong balance of proven investment components and value for money.”
Ross Leach, lead OCIO strategist at Schroders Solutions, said: “We are proud to be appointed by the E.ON UK Group Trustee under an 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.”
