The Royal Mail Pension Plan (RMPP) has selected BlackRock to manage its £8.8 billion (€9.9 billion) pension scheme assets as an outsourced chief investment officer (OCIO). Members of RMPP’s investment team will move to BlackRock and continue to manage the scheme’s investments, while benefitting from the scale execution and risk management capabilities of a full-service asset manager, and supported by its expertise and technology resources, it was announced.
Source: IPE.com on the 2nd of February 2023
https://www.ipe.com/news/uk-roundup-royal-mail-pension-plan-picks-blackrock-for-88bn-ocio-mandate/10064866.article