McDonald's appoint Cardano as fiduciary manager
Cardano today announces its appointment as fiduciary manager of the McDonald’s UK Retirement Benefits Scheme. The trustee directors of the UK defined benefit pension scheme made the decision after a competitive selection process, with support from KPMG.
In this new role, Cardano will invest all of the Scheme’s assets against a liability benchmark and work with the trustee directors to achieve the Scheme’s and the sponsoring employer’s objectives.
Richard Dowell, Head of Clients at Cardano, said, “We are seeing increasing interest from schemes of this size in fiduciary management solutions designed to achieve steady, stable growth in pension funding ratios. We are delighted with this appointment, and we look forward to working with the trustee directors of the McDonald’s Scheme.”
Della Burnside, Chair of McDonald’s Restaurants Pensions Trustee Limited, added, “Use of a fiduciary manager will enable the trustee directors to focus their time on decisions that matter most to the outcome for our members. We were impressed by the Cardano team and their approach to long-term investing and risk management.”