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AllianceBernstein Wins BlueSky DC Mandate

BlueSky Pension Scheme, Sidcup, England, has appointed AllianceBernstein as target date fund manager.

BlueSky Pension Scheme, Sidcup, England, has appointed AllianceBernstein as target date fund manager, Pensions & Investments reports. AllianceBernstein will manage new assets in the £228 million defined contribution (DC) plan’s default flexible target-date option.

Currently, the pension scheme’s existing DC assets are managed by M&G Investments. Fund officials may transfer all default assets to AllianceBernstein depending on its performance.

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