Rothschild Asset Management (RAM) has been appointed by to run the £32m (€51.2m) pension fund for the Union of Communication Workers (UCW).

The appointment follows a decision by the trustees of the UCW Pensions 2001 scheme to review the existing managers, First State Investments. Bacon & Woodrow was advised the fund, which maintains a strong policy on socially responsible investment (SRI).

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Rothschild wins £32m balanced mandate

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