Midcounties Co-op appoints Towers Watson

The Midcounties Co-operative has appointed Towers Watson to manage the investment portfolio of its £145-million defined benefit pension scheme.

Towers Watson’s delegated investment service provides an integrated approach to managing assets against liabilities for all sizes of pension funds.

Chris Ford, Europe, Middle East and Africa (EMEA) head of investment at Towers Watson, said: “We are delighted that the Midcounties trustee has appointed us in this delegated role, which we believe is the best way to address governance challenges and make the most of investment opportunities.”