The Graphic Packaging International UK Pension Scheme has announced the appointment of Kempen Capital Management as fiduciary manager and has completed the onboarding stage of this process.

The fiduciary team was appointed following a competitive tendering process which ran through the second half of 2020, and will work with the trustee to achieve the schemes’ and sponsoring employers’ funding objectives and journey to full funding.

The trustee of the scheme previously appointed XPS as a third-party selection consultant to advise it throughout the selection process, following the CMA review and subsequent order, and decided after a “comprehensive exercise” to change fiduciary manager.

Commenting on the appointment, Graphic Packaging International UK Pension Scheme, Brad Ankerholz, stated: “Following a competitive tender process, we came to the conclusion that Kempen was fully aligned to our priorities and has the necessary expertise to help achieve our objectives.”

Kempen UK managing director, Andre Keisers, added: “We are pleased that Graphic Packaging selected Kempen to conduct its fiduciary management, and we look forward to working with the Scheme to deliver the best possible outcome for its members.

“This mandate is testament to Kempen’s advisory and investment expertise, as well as our ability to customise solutions which meet schemes’ specific needs.”

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