Sun Chemical appoints Mercer to de-risk pension scheme

The trustees of Sun Chemical’s pension scheme have appointed Mercer to de-risk its £260 million closed defined benefit (DB) scheme.

The trustees had identified the need to proactively manage the funding position of the scheme, particularly given the challenging situation of volatile asset markets and low interest rates in recent years.

Mercer was chosen through a competitive tender process. It will build a diversified growth portfolio to drive investment returns, while gradually building out a liability matching portfolio as the scheme’s funding position improves.

Jeff Berger, vice president finance and treasurer at Sun Chemical, said: “We recognised the need to put in place a more robust governance model.

“Mercer’s solution is not just about managing the assets; it is about managing the funding position.”

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