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Kempen announces fiduciary mandate wins for Stonegate’s Pension Schemes

07 December 2021

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. 

Andrew Campbell, BESTrustees, Chair of the Trustee Boards of both Schemes and Accredited Professional Trustee comments: “I am delighted that following a thorough process, supported by Anthony Webb and his colleagues at Isio, we have appointed Kempen as the fiduciary manager to both Schemes. During the formal tender process, Kempen demonstrated their understanding of what the Trustees want to achieve and how their skills and expertise would help us deliver these objectives. They stood out as being dynamic, having a real desire to work with us and being able to explain complex investment issues using plain language. As a result, both Trustee Boards were unanimous in appointing Kempen.”

Andre Keijsers, Managing Director at Kempen UK, comments: “We are delighted that Stonegate’s Pension Schemes has appointed Kempen as its fiduciary manager and we are pleased that our complete client focus and desire to provide a tailored sustainable solution for the scheme resonated with the trustees. We look forward to demonstrating our advisory and investment expertise, working with the trustees, sponsor and actuary, to help the Scheme achieve and exceed its objectives.”

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 2021, Kempen Capital Management had a total of €88.3 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.

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