4th Dec 2025 13:22
Aberdeen Group PLC - Edinburgh-based asset manager - Agrees to become the sponsoring employer of the Stagecoach Group Pension Scheme, which has over 22,000 members, assuming responsibility for the scheme's funding and managing its GBP1.2 billion in assets. Says it will receive a minority share of any future distributed surplus with the majority earmarked for members, and that due to SGPS's "strong funding position" the sponsorship will "have no significant impact on Aberdeen's capital position". SGPS has "a strong surplus position" and "will continue to 'run on'". Aberdeen says the strong alignment between it and SGPS supports investment in productive assets, and provides the opportunity to grow the surplus to increase members' benefits. Read More