The McDonald’s UK Retirement Benefits Scheme has appointed Cardano as its fiduciary manager.
Cardano said it will invest the defined benefit scheme’s assets against a liability benchmark and work with the trustee directors to achieve the objectives of the scheme and the sponsoring employer.
The trustee directors of the scheme made the decision after a competitive selection process, assisted by KPMG.
McDonald’s Restaurants Pensions Trustee chair Della Burnside said: “Use of a fiduciary manager will enable the trustee directors to focus their time on decisions that matter most to the outcome for our members. We were impressed by the Cardano team and their approach to long-term investing and risk management.”
Cardano head of clients Richard Dowell (pictured), added: “We are seeing increasing interest from schemes of this size in fiduciary management solutions designed to achieve steady, stable growth in pension funding ratios. We are delighted with this appointment, and we look forward to working with the trustee directors of the McDonald’s Scheme.”
