Trustees of the Royal Shakespeare Theatre Pension Scheme have appointed P-Solve as a fiduciary manager.

P-Solve was awarded the mandate after the trustees received and assessed 15 potential providers.

David Burbidge, scheme trustee, said: "We looked into fiduciary management because we wanted access to a wider range of investments than would have been available to a pension fund of our size.

"This included instruments such as interest rate and inflation rate hedges, which should give us a better performance by allowing us to have a higher proportion of return-seeking assets rather than bonds.

"Asset allocation was also a big factor. We wanted to take a much more active approach and we felt that, to be sufficiently nimble, we needed to delegate to a fiduciary manager. We were extremely impressed by P-Solve's level of commitment and the clear drive to perform across the organisation."

The scheme is based in Stratford-upon-Avon in Warwickshire.

P-Solve's Paul Kemmer said: "Performance is clearly an ethos that runs through the Royal Shakespeare Company. For us, too, it's central to everything we do and means we enjoy an effective working partnership."

First published 08.01.2014

monique_simpson@wilmington.co.uk