C Brewer and Sons appoints fiduciary manager for pension schemes

C Brewer and Sons has appointed a fiduciary manager for its defined benefit (DB) and defined contribution (DC) pension schemes.

The painting and decorating supplier has chosen global fiduciary management firm SEI to implement asset and liability-matching strategies, develop an efficient investment portfolio, and select and replace managers to run the portfolio.

Lynne Turner, chairwoman of trustees for C Brewer and Sons' DB†scheme, said: “The trustees of both schemes decided to appoint a fiduciary manager because we are keen to find a governance approach, which would allow us to more effectively manage the assets of the schemes against the liabilities.”