The InterContinental Hotels UK Pension Trust has appointed Hewitt Associates as investment advisers to its pension scheme.
The InterContinental Hotels Group (IHG) operates over 3,700 hotels wordlwide, including 227 in the UK, where it has a £280m pension fund with over 4,000 lives, split between defined benefit (DB) and defined contribution (DC) sections.
A full review of the schemes’ investment strategy will now take place, in which Hewitt will work closely with the trustees in determining the appropriate financial objectives to support future strategy, as well as the optimum asset allocation and manager appointments to support these objectives.
Jerry Sykes, vice president, benefits plan investments of IHG, said: “The trustees were impressed by the Hewitt team’s range of skills and their approach to guiding us through the review process. We are now looking forward to working with them in developing our future plans and, indeed, are pleased with the progress we have made together so far.”