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Thales UK Pension Scheme selects new investment consultant
IC Select, the specialist investment consultant selection and monitoring organisation, is pleased to announce that they have recently assisted the Thales UK Pension Schemein tehir investment consultant tender.
Philip Cameron, Secretary of the Thales Pension Scheme, said "we are always looking to remain at the forefront of best practice in pension scheme governance. As part of this, the Thales UK Pension Scheme recognised the importance of independent and specialist input when retendering our investment consultancy services.
We appointed IC Select as an independent specialist in this area. Thier anlysis not only provided the necessary independent viewpoint, but also helped us to understand the differences between the investment consultants and enabled us to select the most appropriate firm for our needs."
Most pension schemes now recognise that, when selecting their key advisers, they need to ensure they have the required competencies to achieve the necessary standards of governancefor their scheme. As the selection of the investment adviser is done infrequently, it is difficult for any trustee board to develop the necessary competency. IC Select provides the appropriate specialist support throughout the selection process to achieve the highest standards of due diligence.
About Thales and Thales UK
Thales is a global technology leader for the defence & security and the aerospace & transport markets. In 2009 the company generated revenues of £11.5 billion (Euro £12.9 billion), with 68,000 employeesin 50 countries. With its 22,500 engineers and researchers Thales has a uniques capability to design, develop and deploy equipment, systems and services that meet the most complex security requirements. Thales has an exceptional international footprint, with operations around the world working with customers as local partners.
Thales UK employs 8,500 staff based at 40 locations. In 2009 Thales UK'srevenue were around £1.5 billion.
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