Arjo UK Pension Scheme has selected Kempen Capital Management UK as its new fiduciary manager for its defined benefit (DB) pension scheme.

Kempen was appointed by the trustees of the scheme following a “highly competitive” tendering process that ran from the end of November 2020 to April 2021, which was overseen by Kevin Humpherson at Deloitte.

The full fiduciary management mandate will see Kempen work with the scheme trustees to implement a collaborative investment strategy, and work to achieve the scheme’s and sponsoring employer’s funding objectives and journey to full funding.

Following its mandate win, alongside other fiduciary management appointments, Kempen’s total assets under management rose to approximately £74.7bn as of 30 June 2021.

Commenting on the announcement, Arjo UK Pension Scheme chair of trustees, Bob Lock, said: “We liked Kempen’s investment strategy as it best fitted our flight plan and focused on investing in more longer-term funds.

“The Kempen team have been very open and proactive throughout the tender process, which has continued during the transition of our assets.

“Kempen was selected after a number of meetings over a six-month process in which high scores were achieved on all selection criteria. The good professional relationship with the Kempen team was also important in the process.”

Kempen UK managing director, Andre Keijsers, added: “We are proud that Arjo UK Pension Scheme has selected us to carry out their fiduciary management, and look forward to delivering on this choice through our bespoke solutions – always focusing on the best outcomes for scheme members.

“At Kempen we are acutely aware of the broader landscape of evolving UK pension schemes, and the deep responsibilities involved. We look forward to working with Arjo UK Pension Scheme for the long term.”

Share Story: