Russell Investments has been awarded a mandate by the National Farmers’ Union of England and Wales (NFU) Staff Pension Scheme to provide fiduciary management services.
The mandate, worth £100 million (€112 million) is to provide investment expertise and implementation services.
Ken Sutherland, director of finance and business services and secretary of the NFU, said the union had decided to move away from the traditional pension scheme investment model to fiduciary management.
A market review was then undertaken and six firms were shortlisted from which Russell Investments was chosen.
Russell Investments’ head of UK institutional and Middle East, Jim Leggate, said: “By working with Russell Investments, the scheme will benefit from the expertise of an extensive team of investment specialists supported by an experienced team with impressive industry experience.”
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