UK - Aegon Asset Management has been awarded a £300m (€363m) mandate by the Molins UK Pension Fund, covering the retirement scheme's entire value.

The scheme, which looks after the employees of the manufacturing company, will now see Aegon enhance its strategic asset allocation and advise on a funding plan previously developed by the scheme trustees.

Sally Soper, pension manager at Molins, said she was confident the bespoke services provided would help improve returns and protect the scheme in the increasingly volatile market.

Aegon will implement its asset allocation service, which will see the development a customised asset allocation overlay facility.

Last year, the defined benefit scheme slipped from a surplus of £2m into a £11m deficit.

Topics