Traton SE has appointed WTW to take over responsibility for investing its approximately €500m pension assets in the WTW Pensionsfonds.

This builds on the group's 2020 portfolio transfer, during which WTW Pensionsfonds AG assumed the pension obligations and pension assets of MAN Pensionsfonds AG, and thus responsibility for a large portion of the pension obligations to beneficiaries of Traton SE and other affiliated German companies.

The decision was taken after the news that Horst Grögler, who has been responsible for investment management at Traton SE for 20 years, will be retiring in the foreseeable future due to age.

Due to the complexity of the issue, the resource requirements associated with professional handling, and the regulatory requirements, Traton SE said it had decided to outsource investment management for the pension fund portfolio following the portfolio transfer in 2020.

“Above all, the expertise in managing regulated pension assets convinced us to outsource the investment to WTW,” Grögler said.

In addition to this, WTW senior investment expert, Carolin Apfel, said that, by having WTW assume the entire investment for Traton SE's pension fund obligations, WTW can focus more on its core business.

WTW head of European retirement, Dr. Thomas Jasper, said: "Our colleagues' many years of experience and our global network enable us to offer customized solutions for complex pension investments.

"A challenging capital market environment, steadily increasing resource requirements, and stringent regulatory requirements make outsourcing the investment of pension assets an efficient solution."

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