P-Solve reappointed as investment adviser by Samworth Brothers Superannuation Scheme

P-Solve, the investment consultancy and fiduciary manager, has been re-appointed by the Samworth Brothers Limited Superannuation Scheme as its investment adviser.
P-Solve had previously advised trustees of the £450m defined benefit pension scheme, which is one of the UK’s largest food manufacturers, from 2009 to 2015.
The Samworth appointment comes after P-Solve was recently awarded a multi-scheme mandate from Kier Group, which had previously used P-Solve across one of its six schemes.
Commenting on the appointments Ajeet Manjrekar, co-Head of P-Solve said: “These appointments come as a result of a strong relationship with the Trustees and a commitment to bring a pro-active, engaged approach to investment consulting, in a governance friendly way. We are delighted to be working with the broader Kier Schemes and Samworth once again and look forward to helping them navigate markets and to deliver on return needs.”
Commenting on the appointment of P-Solve, Neil Wright, Chairman of the Trustees at Samworth said: “Having previously worked with P-Solve we knew they had a high quality investment proposition and team to advise the Trustees on their journey to achieving their funding objectives.
Having changed advisors in 2015 for reasons unrelated to the P-Solve performance and team, it became clear to us that P-Solve remained the best investment consultant for us and we therefore got back in touch. We are very excited to be working with the team at P-Solve as we have great faith in their ability to guide us on our investment strategy for many years to come”.