Cardano has been appointed as the fiduciary manager for the Grant Thornton Pensions Fund.
Grant Thornton UK LPP, the scheme’s primary employer, is a provider of professional services to businesses, the public sector, and non-profit groups.
Cardano will act as the fiduciary manager of the Fund, offering investment advice, risk management, and investment management for the scheme’s £250 million of assets.
Grant Thornton Pensions Fund chair of trustees Carl Williams says: “We undertook the market tender as, based on previous experience, we were not sure if fiduciary management was right for us. However, after meeting the Cardano team, it was clear that fiduciary management was what we needed and they were the right team for us.
“They were effective in engaging with our Trustee Board, and it’s already clear that we’ll be getting first class advice and service, alongside their investment capabilities. Their client references were very impressive, and the smooth and cost-effective onboarding has been an early validation of our decision to appoint them.”
Cardano client director Steve Berkovi says: “We’re delighted to have been appointed by the Trustee Board. We can already see this will be a great fit and are very pleased with the relationship built so far. With the assets successfully transitioned, we look forward to working with the Trustee, the Principal Employer and other advisors to help secure members’ benefits.”