BlackRock adds $10.6 billion British Coal mandate to growing roster of mega pension OCIO wins - Pensions & Investments

BlackRock will manage £8 billion ($10.6 billion) in assets for the British Coal Staff Superannuation Scheme as its outsourced chief investment officer, according to Pensions & Investments. The £8bn British Coal Staff Superannuation Scheme (BCSSS) announced the appointment on 1 July, naming BlackRock as its fiduciary manager.

The mandate covers a scheme that serves approximately 39,000 members. The publisher describes BCSSS as one of the largest occupational pension schemes in the UK, providing benefits for more than 45,000 pensioners and deferred members. Under a fiduciary management structure, BlackRock takes discretionary responsibility for investment decisions on behalf of the scheme's trustees.

The win extends BlackRock's position among large UK pension OCIO clients. BlackRock states that its OCIO team supports UK pension schemes in delivering funding and journey-plan objectives by combining investment expertise and research insights. The publisher frames the mandate as part of a growing roster of mega pension OCIO wins for the firm.

The primary source excerpt provided is largely a page header and unrelated feature content, so the details above are drawn from the publisher's own coverage of the appointment.