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Pensions Trust Picks Caradano For Growth Plan

The Pensions Trust has selected London-based Cardano as its investment adviser.

The PensionsTrust has selected London-based Cardano as its investment adviser, ProfessionalPensions reports. Cardano will be offering investment advisory services for the trust’s £800 million GrowthPlan. It will also offer liabilities hedging, asset allocation and manager selection advice to the plan, an occupational pension plan within the trust, adds Pensions & Investments. The multi-employer occupational pension scheme serves the charitable, social, educational, voluntary and not-for-profit sectors.

Cardano will closely work with the investment committee and trustee board to trim the funding volatility and downside risk at the trust over the next five to10 years. It succeeds consulting, outsourcing and investment services provider Mercer, which remains an investment consultant for the remainder of the £4.61 billion fund.

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