Michelin Pension and Life Assurance Plan Appoints LCP
01 August 2012 (PLANSPONSOREurope.com) – LCP has been appointed to provide Defined Benefit (DB) investment advice by the Trustee of the Michelin Pension and Life Assurance Plan.
The £1.4bn plan covers 25,000 members across the UK.
Ken Willis, Investment Partner at LCP, says: “As pension schemes continue to face complex challenges from a number of fronts, our investment advice aims to keep things simple and focus on what really makes a difference for our clients. We will be working closely with the Trustee of Michelin’s UK pension plan to give strategic investment advice that moves them towards their long-term funding objectives.”
Chris Wood, Chairman of the Trustee, adds: “We really like LCP’s plain talking approach and their use of technology which we expect will help us to streamline our decision making processes. We were impressed by the LCP team’s clear view on investment issues and their record of seeking out innovative solutions. We’re looking forward to working with LCP to develop a long-term strategy that delivers increasing security to our members in their retirement.”