KPMG’s UK Investment Advisory practice (“KPMG”) has been appointed as investment advisers to the Trustees of the Lloyd’s Register Superannuation Fund Association (“the Fund”). The appointment follows a competitive tendering process in which the Trustees considered applications from across the investment consulting market.
Primarily working with the Investment Committee, which reports to the Trustees, KPMG will advise on the investment of the Fund’s c£650 million of assets with specific regard to its liabilities. This will begin with a comprehensive review of the existing investment arrangements. Key areas of focus will be diversification, as well as the potential use of liability driven investment.
KPMG’s appointment was cited as being due to their ability to provide clear and direct advice through a proactive approach. Patrick McCoy, Partner and Head of KPMG’s Investment Advisory Practice, said: “Lloyd’s Register were looking for an adviser who could provide clear and insightful advice on developing an investment strategy that drives the improvement of the funding position and we are delighted that they have entrusted us with that job.”
Neil Dunford, Chairman of the Trustees, said “We look forward to working with KPMG, and were impressed by their understanding of our requirements.”
For further information please contact:
Margot Cowhig, KPMG Corporate Communications
Tel: 0207 694 4246 Mobile: 07920 274856: firstname.lastname@example.org
KPMG Press Office: 0207 694 8773
Notes to editors.
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with nearly 11,000 partners and staff. The UK firm recorded a turnover of £1.6 billion in the year ended September 2010. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 150 countries and have more than 138,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.