Aegon to provide overlay for Leicestershire council £2bn pension scheme  September 7th, 2010

Aegon Asset Management will provide a bespoke overlay facility for Leicestershire County Council's £2 billion pension scheme.

The asset allocation service mandate will help the local authority to meet its strategic objectives over the medium to long-term for its scheme, which boasts over 70,000 members.

Aegon head of public sector pensions Paul Ritchie explained: "Our asset allocation service is unique because it is entirely bespoke for each scheme.

"When it comes to asset allocation and risk management one size never fits all."

The fund management firm recently attempted to court more investors by offering discounts on its UK equity and fixed income bonds.

The discount will apply to the initial charge on eight of its leading UK funds until December 31st.

Aegon currently remains the only group in the UK that commands an OBSR AA rating for its range of retail fixed income funds.