AEGON Asset Management has won a GBP300 million pension scheme mandate from leading manufacturer Molins.
The mandate will see AEGON Asset Management play a significant role for the Molins UK Pension Fund, in enhancing the strategic asset allocation and funding plan developed by the Trustees and their advisers. This will be done by implementation of its asset allocation service (AAS) which will overlay the Molins Fund's long term strategy.
The AEGON Asset Allocation Service provides pension schemes with an innovative bespoke overlay which uses derivatives.
The service aims to provide a customised asset allocation overlay facility to help meet the strategic objectives of a particular pension scheme.
The asset allocation service is run by AEGON Asset Management's Multi Asset Group which is managed by its European head of multi asset investing Scott Jamieson.
Molins PLC is a leading international manufacturing company, which employs over 700 people globally. Listed on the London Stock Exchange the company provides high performance machinery and services for the production and packaging of consumer products.
AEGON Asset Management head of European distribution Martin Harris says: "This is an excellent win for our Multi Asset Group, and underlines the growing recognition we are receiving for this innovative service.
Molins' Pension Manager Sally Soper says: "We look forward to working with the AEGON Asset Management team. We are confident that this bespoke and flexible service will help us to improve returns for our members and to provide an enhanced degree of protection in ever more volatile asset markets."
