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Pension Trust assets now at more than £7bn

16 July 2015

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The Pensions Trust, one of the leading workplace pension funds in the UK, has seen its assets increase to more than £7billion, a rise of 18 per cent from May 2014.

Growth is a result of the Trust providing cost-effective products and taking on more than 40,000 new members, serving 240,000 individuals from 2,400 UK pension schemes.

Pensions Trust chief executive Mike Ramsey said: "Since taking the step to open doors to all sectors we've seen membership grow significantly, which is reflected in the increased assets."

"The launch of our DB complete product has been welcomed by our clients and will help us grow our market share as more defined benefit legacy schemes come on board," he added.

The Trust has also announced that it has appointed Invesco Perpetual to manage a diversified growth (multi asset) mandate.

The GBP101million mandate is to be invested into the Invesco Perpetual Global Targeted Returns Fund, which was launched in 2013.

David Adkins, chief investment officer at The Pensions Trust said: "The Invesco Perpetual multi-asset team's investment credentials and track record speak for themselves, and the Global Targeted Returns Fund's strategy, which seeks to provide positive returns with a low level of volatility, suits our investment goals perfectly."

The Perpetual Global Targeted Returns Fund dispenses with asset class labels, instead focussing on a three-step approach which starts with selecting and approving investment ideas from across asset classes and geographies.

The fund aims to achieve a positive total return in all market conditions over a rolling three-year period.

Hugh Ferrand, head of UK Institutional Division, Invesco Perpetual said: "I'm very pleased to welcome The Pensions Trust as a client.

"The Invesco Perpetual Global Targeted Returns Fund team brings together a blend of actuarial, economic, fixed interest, risk management and multi asset skills – and we believe that this combination means the fund can play a valuable role in The Pensions Trust's long-term portfolio."

First published 16.07.2015

Lindsay.sharman@wilmingonplc.com