LONDON, July 9, 2025— WTW is pleased to announce its appointment as Outsourced Chief Investment Officer (OCIO) for the £1.2bn Plumbing & Mechanical Services (UK) Industry Pension Scheme (“Plumbing Pensions” or “the Scheme”), following a competitive tender process.
The appointment marks a significant milestone in Plumbing Pensions’ journey toward securing long-term financial sustainability for its members.
Working closely alongside the Scheme’s strategic investment advisor (Aon) and scheme actuary, WTW will deliver an integrated approach that brings together investment and wider perspectives into a cohesive framework. This model is designed to provide a clear focus on delivering reliable returns, enable faster decision-making and more effective risk management, and support the Scheme in achieving its ultimate buy-out objective.
The Trustee was supported throughout the OCIO selection process by Barnett Waddingham.
Jon Bridger (Chair of Trustee) at Plumbing Pensions said: “We were impressed by WTW’s deep understanding of our scheme’s unique needs and their ability to tailor a solution that balances resilience with long-term value creation. Their collaborative and innovative approach gave us confidence that they are the right partner to help us navigate the next phase of our journey.”
Ben Johnson, Senior Director at WTW said: “We are delighted to have been selected by Plumbing Pensions as their OCIO partner. Our integrated and low-risk approach is designed to deliver the outcomes that matter most to the Trustee, the employers, and members – paying pensions reliably, managing downside risk effectively, and progressing toward buy-out in a controlled and transparent way.
