UK – The £13m retirement benefits plan of baby and household products manufacturer Mayborn Group has appointed Frank Russell Company to manage its entire pension fund through the group’s multi-manager platform.

The trustees of the fund have chosen to invest 85% of assets in equity and 15% in bonds through Russell’s multi-manager funds with a scheme specific benchmark.
Russell will also provide the pension plan with transition management services.

“Our approach is winning widespread acceptance within the UK pension fund industry, and Mayborn’s decision represents a further endorsement of Russell’s multi-manager funds,” says Roger Whittaker, UK sales director at Frank Russell.

The pension fund was advised by consultant William M. Mercer.