- Stonegate Pubs Pension Scheme has awarded Kempen Capital Management UK a fiduciary management mandate.

Stonegate Pubs is the largest pub company in the UK, with over 4,000 sites. The group owns several well-known hospitality brands, including the Slug & Lettuce, Walkabout and Be at One, and venues such as Popworld and Fever. The group comprises two defined benefit pension schemes, Laurel Pub Pension Scheme and Yates Group Pension Scheme, and employs over 15,000 people.

The pension schemes appointed Kempen’s fiduciary management team following a highly competitive tendering process which ran from January 2021 to April 2021, and was overseen by Anthony Webb and Aqib Merchant at Isio. The new fiduciary mandate contributes to Kempen’s total client assets under management which stood at €88.3 billion as at 30 June 2021. Through this full fiduciary management mandate, Kempen will work with the trustee to implement a collaborative investment strategy and work to achieve the scheme’s and sponsoring employers’ funding objectives and journey to full funding.

- Swiss pension fund, Migros-Pensionskasse, has invested SEK 750 in European residential real estate company, Heimstaden Bostad.

With the investment, the pension funds now has a share of 0.6 per cent of the company. The largest shareholder is Heimstaden AB, which has a 44.2 per cent share. Other pension funds and pension companies are also invested in the company, including Alecta (38.4 per cent), Folksam Group (13 per cent), Swedish Pensions Agency (1.5 per cent), Ericsson Pension Fund (1.4 per cent), Sandvik Pension Fund (0.5 per cent) and FPK (0.4 per cent).

- Barnett Waddingham is to integrate Legal & General’s Care Concierge service into its digital platform, 4me, in an industry-led partnership.

The 4me platform offers clients ‘cradle-to-grave’ benefits for their workforces, structured around an employee’s lifecycle, as well as their individual needs and requirements. Legal & General’s Care Concierge service offers comprehensive and confidential advice and guidance, to help people to effectively plan for the cost of long-term care, understand their options and find the right care as quickly as possible. Run by experts with backgrounds in social care, nursing and care home agencies, the service will reduce the additional stress and worry of employees with care issues for their loved ones. The new service will be available to employees of existing 4me clients and will be introduced as the standard for all new users moving forward.

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