Royal London Asset Management has been selected to manage a £212 million fixed interest mandate on behalf of The Pensions Trust which operates in the charitable, social, educational, voluntary and not-for-profit sectors.
The fund will invest in a broad spectrum of mainly sterling denominated bond instruments and will be managed by RLAM’s fixed interest team, headed by Jonathan Platt.
The selection process was supported by Mercer Investment Consulting.
RLAM chief executive officer Andrew Carter says: “This is a significant appointment for RLAM and is one that helps endorse our fixed interest team’s robust investment process and strong track record. This mandate allows Jonathan’s team to put its considerable breadth of skills to full use.”
The Pensions Trust chief executive Stephen Nichols says: “RLAM impressed us with their investment approach, experienced team and broad range of skills. We are confident they will deliver the level of performance we are looking for with this mandate.”