The trustee of the Kingfisher Pension Scheme has appointed Hymans Robertson as its scheme actuary and adviser.

Kingfisher, which owns B&Q and Screwfix, sponsors one of the largest DB pension schemes worth £2.8bn.

The pension scheme selected Hymans Robertson following a competitive tender process which initially involved four separate firms.

Hymans Robertson partner and scheme actuary Crawford Taylor said the firm is “delighted” to partner with the trustee to achieve sufficient low risk assets to deliver benefits promised by 2030.

“Our focus will be on actively improving their chances of achieving this long term goal, capturing opportunities along the way, whilst also looking to build in shock absorbers to protect against adverse events,” Taylor said.

Secretary to the trustee Dermot Courtier said on behalf of the trustee board “we were looking for two things: fresh ideas and engaging advice. We’re confident they’ll deliver on both counts”.

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