British Horseracing Authority appoints Mercer to manage its pension fund

The trustees of the British Horseracing Authority’s (BHA) pension scheme have appointed Mercer to consult on its £40m pension fund.

The contract includes the development of a de-risking investment strategy and subsequent implementation.

Steve Broughton, chairman of the trustees at BHA, said: “We conducted a thorough due diligence exercise of the Mercer offering before appointment. Mercer’s dynamic de-risking approach ideally suited our objectives in managing the scheme towards a fully funded position whilst significantly reducing future risk.

“We were looking for a robust governance arrangement that would allow us to focus on the strategic aspects, while delegating the management of our investments to market-leading experts.”