Kempen Capital Management UK (Kempen) has completed the onboarding of two new fiduciary management mandates for Stonegate’s Pension Schemes.
The Stonegate Group is the largest pub company in the UK, with over 4,500 sites. The Group owns several well-known hospitality brands, including Slug & Lettuce, Walkabout and Be at One, and venues such as Popworld and Fever. The Group operates two defined benefit pension schemes, the Laurel Pub Pension Scheme and the 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 at Isio.
The new fiduciary mandates contribute to Kempen’s total client assets under management which stood at EUR 88.3 billion as at 30 June 2021.
Through these full fiduciary management mandates, Kempen will work with the Trustees to implement collaborative investment strategies and work to achieve the Schemes’ and sponsoring employers’ funding objectives and journey to full funding.
Source