AllenbridgeEpic Investment Advisers has won a deal to advise the London Borough of Bromley on its pension fund. Alick Stevenson at AllenbridgeEpic will provide reports analysing fund manager performance and assist the pension fund's committee in reviewing the fund's investment structure and benchmark.
AllenbridgeEpic was founded in 2002 to provide investment advice to pension schemes, charity trustees and scheme sponsors, and says it advises funds with £30 billion (€35 billion) under management. Its clients include Dorset, Derbyshire and Durham county councils and Islington and Hounslow borough councils.
“It is essential for public sector schemes to seek the highest quality investment advice, in order that the funding of the liabilities can be achieved as cost effectively as possible,” said Peter Turner, finance director at the London Borough of Bromley. “This key advice is increasingly important during the current economic climate which provides significant new challenges for pension fund performance.”
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