Cardano appointed by the Trustees of the G4S Pension Scheme. Cardano will manage the overall relationship between the assets and liabilities of the GSL section of the scheme.
We are delighted to be working with the G4S Trustees. Our service means the trustees will get the benefits of dynamic asset allocation, risk management and manager selection for the GSL section, says Richard Dowell, head of clients for Cardano UK. We will be responsible for taking decisions in all of these areas, with the aim of improving and stabilising their funding ratio.
We have chosen Cardano because we like their focus on managing both assets and liabilities, says Richard Malone, chairman of the G4S Trustees. They have a very hands-on approach, actively managing the portfolio, and being dynamic to seize good opportunities. Cardano are also able to access a wide range of investments, rather than only the traditional asset classes, which will help better diversify our portfolio.
D.C.