News in brief - 11 October 2024

The London Pensions Fund Authority (LPFA) has launched a searchable and interactive ‘investing in the UK’ map.

The map is designed to allow LPFA members to find out if their pension is invested in communities in which they live, by mapping out the UK location and details of the LPFA pension fund’s UK real estate and infrastructure investments. It is designed to spark interest in pensions and increase member registration to the LPFA online portal.

Cardano has partnered with Knowa to offer its Discover AI tool to trustees.

The integration with Knowa is intended to bring Cardano's Discover AI covenant analysis closer to trustees', empowering them with real-time covenant insights within the Knowa platform. The information provided by Discover will also be accessible via Knowa Q, with AI-powered querying and summarisation. The tool is designed for schemes where high-level covenant analysis may be more appropriate, including well-funded schemes or schemes with simple covenant structures.

Aegon has added three new enhancements to its member insights tool.

The tool, which is designed to empower employers and advisers to get a better view into their workplace pension schemes, has added three new key enhancements: A new deferred members section, an enhanced industry comparison section, with scheme average compared to industry averages across a wider range of data, and a new gender pensions gap section. The tool’s enhanced offering is designed to make it even easier for employers, trustees and advisers to monitor and improve member outcomes.  

The Caffyns Pension Scheme has appointed WTW as fiduciary manager.

The trustee appointed WTW following a competitive tender process, intermediated by XPS, after deciding to replace its previous fiduciary manager. As fiduciary manager, WTW will be responsible for assisting the trustee in evolving and implementing the scheme’s investment strategy. This includes access to WTW’s preferred third party investment managers

A number of investment consulting firms have backed a new collaborative initiative, the Charity Investment Consulting Partnership (CICP).

Launched by Broadstone, the group brings together a number of investment consulting firms, including Aon, LCP, Barnett Waddingham, Hymans Robertson, XPS Group, ARC and PMCL Consulting. The CICP is an open partnership for all independent investment consulting firms offering regulated advisory services to charities. It is designed to improve the overall investment landscape for charities by providing a forum for collaboration, sharing best practices, training, and promoting greater transparency

The Hertfordshire Pension Fund has partnered with Osmosis Investment Management on the launch of a £100m resource efficient global equity portfolio.

The allocation takes Osmosis’ Local Government Pension Scheme (LGPS) assets under management to over £1bn. The mandate was highlighted as part of Hertfordshire’s ongoing commitment to address the investment challenges that climate change and energy transition present to their passive equity holdings and has been supported by their investment consultant Mercer. Under the appointment, Osmosis will advise on the equity strategy, with UBS Asset Management acting as Investment Manager under the current Passive Service Agreement, as set out by the UK National LGPS Framework.



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