The trustees of the British Horseracing Authority’s (BHA) pension scheme have appointed Mercer to consult on its £40m pension fund.
The contract includes the development of a de-risking investment strategy and subsequent implementation.
Steve Broughton, chairman of the trustees at BHA, said: “We conducted a thorough due diligence exercise of the Mercer offering before appointment. Mercer’s dynamic de-risking approach ideally suited our objectives in managing the scheme towards a fully funded position whilst significantly reducing future risk.
“We were looking for a robust governance arrangement that would allow us to focus on the strategic aspects, while delegating the management of our investments to market-leading experts.”
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