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Russell wins £18m Institute of Physics fund brief

UK – Frank Russell Company has been appointed to run the full £18m (€29m) pension scheme of the Institute of Physics Retirement Pension Plan.

The trustees of the scheme were advised by William M. Mercer in their selection and have chosen to invest in Frank Russell’s multi-asset multi-style multi-manager funds.

Says Simon Prendiville, group financial director and scheme trustee at the Institute of Physics: “The trustees were impressed by Frank Russell Company’s innovative approach and are hoping it will yield great results.”

Roger Whittaker, UK sales director at Frank Russell adds: “We feel this latest mandate is further proof of the growing attractiveness of multi-manager investments.”

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