The £100m (€162m) Cooper-Avon Tyres company pension plan has appointed Aegon Asset Management to run a £35m fixed income mandate.

The plan's trustees have set a benchmark of 50% index-linked gilts, 50% long-dated gilts for Aegon to outperform. To achieve the desired outperformance, Aegon will invest 35% of the portfolio in corporate bonds, and only 15% in long-dated gilts.