The £1bn (€1.65bn) DuPontSA pension fund has appointed UK advisory firm Gissings as administrator to its new money purchase scheme.

Gissings will also provide accounting services to the fund, which said it had been impressed with the firm's past efficiency. DuPontSA is a joint venture which develops, produces, and sells polyester intermediate, resin, and fibre products for markets throughout Europe, the Middle East, and Africa.