Aegon Asset Management has won a mandate to apply its asset allocation service to Leicestershire County Council’s GBP2bn pension scheme.

The Aegon Asset Allocation Service will provide the Leicestershire County Council pension scheme with a bespoke overlay facility, with the aim of helping it meet its strategic objectives over the medium to longer term.

The asset allocation service is run by Aegon Asset Management’s multi asset group which is managed by its European head of multi asset investing Scott Jamieson.

Leicestershire County Council’s pension scheme has over 70,000 members.

Paul Ritchie, Aegon Asset Management’s head of public sector pensions, says: “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.”