Following a competitive tendering process – completed in January 2022 – Cardano will act as the fiduciary manager of the Unisys Pension Scheme, the Unisys Payment Services Pension Scheme, and the Unisys Public Sector Pension Scheme.
The trustee was advised by Isio during the selection process.
Cardano will provide investment advice, investment management, sustainable investing, and risk management services for the schemes – which are part of technology solutions firm Unisys Corporation and have assets of £1.2bn.
Cardano partner Patrick Cunningham said: “We are delighted by this appointment and look forward to working with the trustee, the schemes’ sponsor and other advisors to help secure members’ benefits. Our focus will be on integrated consideration of funding and investment risks to achieve steady improvement in the schemes’ funding levels over time and across a wide range of market scenarios.”
Trustee chair and Independent Trustee Services director Hetal Kotecha added: “The trustee appointed Cardano after a governance review and a competitive selection process. We were attracted by Cardano’s integrated approach to pension investing and risk management and we look forward to working together for the benefit of our schemes’ members.”
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