Siemens wins in Canada
The pensions advisory team from Siemens Financial Services and its US partner Lattice Financial have been appointed by Canada’s Ontario Public Service Employees Pension, C$9.4bn (E6.1bn), fund for advice on its investment structure.
SFS’s pensions advisory team was launched three years ago as an in-house adviser but last year began to offer third party services. Ontario will use Lattice and SFS to determine its optimal strategic asset allocation. They have been asked to reduce the scheme’s risk of being unable to meet current and future funding objectives.