Smart Pension’s master trusts have hit £5bn in assets under management (AUM), it has revealed.

The provider operates the Smart Pension Master Trust and now sees regular contribution inflows of £1bn a year. Smart Pension has forecast “even stronger” growth in 2024 and 2025, and expects to reach £10bn AUM within three years. In July 2023, Smart Pension acquired Evolve Pensions as part of its consolidation strategy, which now includes nine former master trusts including: The Ensign Master Trust, the Welplan Master Trust, the Corpad Master Trust and the Corporate Pensions Trust.

Standard Life’s Sustainable Multi Asset solution has reached around £24bn in AUM three years since its launch.

The growth fund within Sustainable Multi Asset Universal SLP has delivered a three-year cumulative return of 17.9 per cent, while its pre-retirement fund and at-retirement fund returned 14.1 per cent and 4.8 per cent respectively over the same period. The steps taken to meet the solution’s sustainability targets on the 15-year SLP included reducing carbon intensity by 50 per cent, increasing green revenue by 50 per cent and enhancing ESG scores by 10-20 per cent, compared to the parent index, across equity investments which today account for 79 per cent of the growth fund’s asset mix.

Quilter Financial Adviser School has rebranded to Quilter Academy and made changes to its model.

Quilter will look to evolve the current school from being primarily focused on purely helping prospective advisers attain a qualification, to an academy, which aims to give students further practical help and a role as a financial planner post-qualification. The new Quilter Academy will provide training to achieve the Level 4 Diploma in financial planning and, following the students’ qualification journey, will offer Adviser Development Training, which will aim to provide the foundation for students to transition from education into a being a financial planner. Quilter will offer full-time and part-time courses. Areas covered in the addition to qualification training will include business development, adviser skills and other soft skill training.

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