News in brief - 23 July 2021

Hymans Robertson has announced plans to offer hybrid working to all employees.

The consultancy’s new approach, which was developed following "extensive consultation" with employees, will allow staff to choose from a mixture of remote and office working. All employees will continue to have a designated office, however, as Hymans Robertson emphasised that whilst staff will benefit from greater flexibility under the plans and said that the office environment remains "an important part" of its culture. The firm has welcomed over 150 new people amid the pandemic, reaching the milestone of 1,000 employees as a result.

Brunel Pension Partnership has launched a new multi-asset credit fund.

Brunel’s clients have already committed around £2.1bn of funds to the Multi Asset Credit sub-fund, which will be spread across three separate mandates: 60 per cent invested into the Neuberger Berman Brunel Multi Asset Credit Fund, 20 per cent into the Oaktree Brunel Global Credit Fund, and the final 20 per cent into the Brunel Multi Asset Credit Fund. The portfolio invests in a variety of specialist bond sectors, including emerging market debt, high yield corporate bonds and bank loans. Brunel said it has also been split between managers with diverse but complementary approaches, with the firm highlighting the importance of aligning with its Climate Change Policy as a "fundamental theme" in its manager selection.

Nine UK local government pension schemes (LGPS) have invested a combined USD605m into BlackRock's Global Renewable Fund.

The commitment was highlighted as demonstration of the continued focus on sustainable investment among institutional investors, as the Global Renewable Power Fund III invests in global climate infrastructure assets, primarily renewable power generation, across the Americas, Europe and Asia. BlackRock also noted that as LGPS remains open to new members, they have a much more open-ended time horizon and requirement for exposure to growth and income assets. The renewable fund therefore exposes scheme members to infrastructure assets facilitating the transition to a low-carbon economy in an effort to help LGPS meet the ongoing growth, income and sustainability needs of their members.

    Share Story:

Recent Stories


Purposeful run-on
Laura Blows discusses purposeful run-on for DB schemes with Isio director, actuarial and consulting, Matt Brown, in Pensions Age’s latest video interview
Find out more about Purposeful Run On

DB risks
Laura Blows discusses DB risks with Aon UK head of retirement policy, Matthew Arends, and Aon UK head of investment, Maria Johannessen, in Pensions Age's latest video interview

Keeping on track
In the latest Pensions Age podcast, Sophie Smith talks to Pensions Dashboards Programme (PDP) principal, Chris Curry, about the latest pensions dashboards developments, and the work still needed to stay on track
Building investments in a DC world
In the latest Pensions Age podcast, Sophie Smith talks to USS Investment Management’s head of investment product management, Naomi Clark, about the USS’ DC investments and its journey into private markets

Advertisement