The trustee of the University of Bristol Pension and Assurance Scheme has appointed Van Lanschot Kempen as the new fiduciary manager in a £220m (€254m) mandate.
The pension fund supports retired staff and has more than 4,000 members. Van Lanschot Kempen will work closely with the trustee and its other advisers to implement a tailored investment strategy aimed at achieving the scheme’s journey to full funding, it was announced.
Colin Richardson, trustee of the University’s pension fund and director at Zedra, said: “The decision to appoint Van Lanschot Kempen as our new fiduciary manager followed a ‘whole of market’ detailed tender exercise. It reflected their attention to the requirements of the trustee and employer, the team’s strong technical expertise, commitment to providing bespoke investment solutions, and the implementation of a robust governance framework.”
He noted that the firm’s “dynamic asset allocation approach, resilient risk management, and steadfast focus on ESG integration were also key differentiators” throughout the process
“We look forward to working with their team as we journey towards full funding, while ensuring improved security and outcomes for our members,” Richardson stated.
Jonathan Craddock, client director at Van Lanschot Kempen Investment Management, added: “Our appointment by the trustee is testament to our position as a trusted partner to pension schemes across the UK.
“With an established record in delivering client and operational excellence, we are committed to working closely with the trustee to provide a tailored investment solution that meets the unique needs of the scheme and, ultimately, is supportive of better outcomes for its members.”
