River and Mercantile yesterday announced it will manage the £700m options mandate for the Royal Mail Pension Plan.
The advisory and investment business was appointed in April by the FTSE 100-listed Royal Mail and the structure of the mandate was designed and executed last month.
“The derivatives team at R&M has a track record of over 10 years in designing and executing structured equity solutions for clients and we are delighted to be working with Royal Mail Pension Plan and their investment adviser in developing the strategy,” James Barham, head of distribution at River and Mercantile, said in a statement.
“The design and execution of the Royal Mail mandate demonstrates the group’s ability to design innovative, outcome oriented solutions for our clients, which are delivered to meet their governance requirements.”
The Royal Mail Pension Plan is responsible for pension benefits earned by members on and after 1 April, 2012.