Kempen announces fiduciary mandate win for Graphic Packaging International UK Pension Scheme
The pension scheme appointed Kempen’s fiduciary team following a competitive tendering process which ran through the latter half of 2020.
Following the CMA review and subsequent order, the Trustee of the scheme appointed XPS as an independent third party selection consultant to advise on the process. After a comprehensive exercise, the Trustee decided to change Fiduciary Manager and transition their assets to Kempen.
Through this full fiduciary management mandate, Kempen will work with the Trustee to achieve the Schemes’ and sponsoring employers’ funding objectives and journey to full funding.
Brad Ankerholz, Graphic Packaging International UK Pension Scheme, comments: “Following a competitive tender process, we came to the conclusion that Kempen was fully aligned to our priorities and has the necessary expertise to help achieve our objectives.”
Andre Keijsers, Managing Director at Kempen UK, comments: “We are pleased that Graphic Packaging selected Kempen to conduct its fiduciary management, and we look forward to working with the Scheme to deliver the best possible outcome for its members. This mandate is testament to Kempen’s advisory and investment expertise, as well as our ability to customise solutions which meet schemes’ specific needs.”
Adviser involved in the appointment:
Graphic Packaging International UK Pension Scheme undertook a selection process supported by XPS Pensions Group.
About Kempen Capital Management
Kempen Capital Management is a specialist asset manager with a focused approach and a clear investment philosophy. We believe in long-term stewardship for our clients and other stakeholders. Kempen provides sustainable returns, fiduciary management services, manager selection, portfolio construction and monitoring, alongside a number of actively-managed investment strategies. As of 30 June 2020, Kempen Capital Management had a total of €79.1 billion in client assets under management.
Kempen Capital Management, part of Van Lanschot Kempen Wealth Management NV, is a specialist and independent wealth manager. Kempen Capital Management NV is licensed as a manager of various UCITS and AIFs and authorised to provide investment services and as such is subject to supervision by the Netherlands Authority for the Financial Markets. Kempen Capital Management (UK) Ltd is licensed as a manager and subject to supervision by the Financial Conduct Authority.