Furniture retailer outsources pension scheme to fund manager

18th March | management | Habitat is to outsource the running of its pension scheme to a fund management firm. SEI has won the contract to manage the furniture retailer’s £20m+ pension pot, with Habitat saying it wanted to leave the day-to-day running of the scheme to an outside company so it could cut costs and focus on ‘strategic issues.’

In a separate move, the retailer has confirmed plans to open new stores in the Middle East and Russia during the remainder of this year.  Dubai, Moscow and St Petersburg are among the locations for stores, which are expected to be up to 1,600sq ft in size.