Over lunch a year ago Chris Edge and long-time
buddy Jo Welman hatched a plan to create a company to aid UK
pension trustees to negotiate the murky waters of pension fund
investment.
On February 5, Epic Investment Consulting officially opened its
doors to pension schemes. EIC is one of three subsidiaries of Epic
Investment Partners, where Welman is chief executive. He will also
be chairman of EIC.
The idea sprang from Paul Myners' recommendation in his review
of institutional investment in the UK in 2001 that trustees should
take increased responsibility for pension fund management. Edge
says: "The whole idea is to provide services of investment advice
to pension fund trustees."
Myners also suggested that the roles of actuary and consultant
be separated. EIC hopes this will enable it to carve out a niche
among the...
