The trustees of the Pizza Hut (UK) Investment Plan have appointed consultancy Mercer to provide de-risking services as part of an implemented investment solution for its £50 million pension fund.
As part of a review of investment governance arrangements, the trustees considered the overall investment objectives for the plan, with an increased focus on managing the funding risk.
The funds were transferred in early September, and have already locked in funding improvements.
Mercer put in a liability-driven investment strategy to manage the plan’s assets against its liabilities, enabling Pizza Hut’s fund to benefit from the current market conditions.
Gerard Carolan, chair of the trustees at Pizza Hut, said: “The transition was efficiently managed and we have already enjoyed funding level improvements.
“The communication flow of results from Mercer has been very helpful in reassuring us our objectives have been met.”
Dan Melley, head of Mercer’s dynamic de-risking solution, added: ““We are pleased we have been able to capture funding improvements for [Pizza Hut (UK)] so quickly and look forward to continuing to deliver in the future.”
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