MNOPF appoints Hymans Robertson to monitor Towers Watson fiduciary role

Jenna Towler
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The £3.3bn Merchant Navy Officers Pension Fund has appointed Hymans Robertson as independent investment adviser to monitor and challenge the actions of its fiduciary manager, Towers Watson.

The appointment adds a significant additional level of governance to the scheme, which delegated investment responsibility to the consultant in October, last year (PP Online, 4 October 2010). Th...

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