UK - Royal London Asset Management (RLAM) has won a mandate to manage £212million (€312.5m) in fixed income securities for The Pensions Trust.

A spokesman for RLAM said this mandate has been newly-created by the Pensions Trust, a UK multi-employer occupational pension fund operating in the charitable, social, educational, voluntary and not-for-profit sectors with assets of £3.6bn (€5.4bn) to December 2006.

The fund will predominantly invest in sterling-denominated bond instruments, following a selection process supported by Mercer.

Stephen Nichols, the recently-appointed chief executive of The Pensions Trust, said RLAM won the contract because of the team's knowledge and experience in the bonds space.
"RLAM impressed us with their investment approach, experienced team and broad range of skills," said Nichols.

"We are confident they will deliver the level of performance we are looking for with this mandate."