The Pensions Trust to Review Investment Strategy With New CIO

(May 24, 2010) — The £3.9 billion Pensions Trust has appointed David Adkins as its chief investment officer. The trust serves more than 4,300 employer organizations with 140,000 plus members and pensioners.

“We are very pleased to welcome David Adkins as our Chief Investment Officer,” said Stephen Nichols, chief executive of The Pensions Trust, in a release. “His expertise in Investment and Actuarial Consulting will greatly benefit The Pensions Trust, and help drive our commitment to offer the best possible investment expertise for our members. David will primarily be responsible for overseeing our current investment strategies, and will also be in charge of reviewing these to ensure that as an organization we are able to offer funding and investment solutions of the highest caliber to our members.”

Adkins would undertake a review of its current investment strategies to ensure they are as effective as possible and will head up the existing investment team, working alongside them to develop The Pension Trust’s investment policies, according to the fund.

Adkins was previously a Fellow of the Institute of Actuaries. He was formerly a senior investment consultant at Towers Watson for 12 years. Previous experience includes positions held at Buck Consultants and WF Corroon.

Separately, without specifying the timeline for selection, the San Antonio Fire & Police Pension Fund is looking to appoint its first chief investments officer, who would work under executive director, Warren Schott. The system is 89% funded and its current asset allocation includes 27% fixed income, 23% domestic equities, 17% international equities, 12% real estate, 10% hedge funds, 6% private equity and 5% real assets.