News in brief - 19 January 2024

Rothesay has become the first insurer to join The Female Forum’s Pension Chapter as a corporate partner.

The Pension Chapter, which launched in June 2023, is designed to serve as a strategic network for female professionals within the pensions industry. As part of its commitment to the chapter, Rothesay will be expected to participate in quarterly thematic industry roundtable events, designed to allow women leaders in the business to engage with their sector peers in intimate and collaborative discussions on industry-specific themes. Other pensions businesses supporting the chapter include LCP, Sackers and Janus Henderson Investors.

London CIV and Local Pensions Partnership Investments (LPPI) have announced that the combined Royal Borough of Kingston upon Thames Pension Fund and London Borough of Sutton Pension Funds have committed £55m to The London Fund.

The London Fund aims to generate positive social and environmental outcomes for Londoners, while also providing investors with sustainable long-term risk-adjusted returns. It closed to new commitments on 31 December 2023 with total fund assets of £250m, with other investors including the London Pensions Fund Authority and the Haringey Pension Fund run by the London Borough of Haringey Council. The fund focusses on investments in the City of London, the 32 London Boroughs and their immediate surrounds, in assets such as residential property – specifically build-to-rent – and affordable housing, community regeneration projects, and infrastructure including digital infrastructure and clean energy.

The Access Pool has confirmed that it will now use two new infrastructure fund vehicles, managed by IFM Investors and J.P. Morgan.

The pool confirmed that it would be using the new funds following a review by Mercer, in a move that is expected to bring around £1.5bn of infrastructure funds into Access Pool alignment, while also helping the pool to diversify investment capabilities in line with long-term objectives. The addition of the two new funds also marks the second phase of the private market offering for the administering authorities who make up the pool. “Infrastructure is a key asset class for our administering authorities, and this move brings existing relationships and investments under the pool alignment and governance,” Access Joint Committee chairman, Cllr Mark Kemp-Gee, said. “The addition of these infrastructure funds offers Access authorities high-quality managers and diversified investment opportunities.”



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