News in brief - 31 January 2025

The Pensions Administration Standards Association (Pasa) has appointed PwC as its expert partner for data.

Pasa highlighted the appointment as demonstration of its ongoing commitment to enhancing the standards and quality of pension administration across the industry, with data being at the core of effective pension scheme administration and management. Pasa chair, Kim Gubler, said: “We’re thrilled to welcome PwC as our data expert partner. Harnessing the power of data technology, including gen AI, can unlock valuable insights and drive better decision-making and outcomes for members, and it’s imperative our Expert Partner is able to lead the way in this area."

The Pensions Management Institute (PMI) has appointed Pi Partnership as its insight partner for governance.

As part of the partnership, Pi Partnership will share its experience and expertise with PMI members, providing insight on matters including the implementation of regulator guidance, effective delivery of buy-in projects, and the design of practical and innovative governance arrangements for trustee boards. Commenting on the appointment, PMI CEO, Gareth Tancred, said: “Governance is of utmost importance within the pension industry, but concerns are persistent over the levels of complexity and precision required. This partnership represents a valuable opportunity for the PMI, and Pi, to help educate, support and improve the industry’s approach towards compliance and important governance duties.”

Schroders has announced it is set to adopt Sustainability Disclosure Requirements (SDR) labels for a further three funds, resulting in each of the four labels being adopted spanning 16 funds.

These labels from the Financial Conduct Authority (FCA) encompass its ‘Sustainability Focus’, ‘Sustainability Impact’, ‘Sustainability Improvers’, and ‘Sustainability Mixed Goals' categories. The latest announcement confirmed that the Schroder Sustainable Future Multi-Asset Fund​ will adopt the Sustainability Mixed Goals label, the Schroder European Sustainable Equity Fund will adopt the Sustainability Improvers label, and the Schroder Global Cities Real Estate fund will adopt the Sustainability Focus label. The latest additions mean that Schroders plans to adopt each of the four labels across 16 funds. The majority (12) of these funds will adopt the Sustainability Focus label, while two will have the Sustainability Impact label, one will adopt the Sustainability Improvers label, and the other will have the Sustainability Mixed Goals label.



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