The U.K. retirement vehicle for the car parts maker, Delphi Pension Schemes, has awarded Mn Services a fiduciary management mandate worth £450 million, IPE reports. Mn will be responsible for monitoring the schemes’ funding ratio.
It will also oversee strategic asset allocation and risk management. Mn will also be in charge of manager selection, cash management, currency overlay management, custody management and all socially responsible investment aspects for Delphi.
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