On the go: The £1.5bn Capita Pension & Life Assurance Scheme has selected Russell Investments as its fiduciary manager after the scheme trustees’ decided to move to an improved investment governance model.
The appointment of a fiduciary manager enables the trustee to focus on the direction of the scheme’s investment strategy while delegating the majority of day-to-day decisions to Russell.
“Fiduciary management is expected to give the scheme access to a wide range of investments, typically with lower fees, but with less complexity and time commitment for the trustee,” the scheme said in a statement.
Besides providing strategic advice to meet the scheme’s self-sufficiency goals and developing and implementing a holistic investment framework, Russell will also provide continuous oversight of portfolio strategy and implementation.
Particular emphasis will be placed on the inclusion of environmental, social and governance considerations within the new investment arrangements. Russell Investments’ goals line up with the fund’s commitment to be carbon net zero across all parts of its business, including its supply chain, by 2035.
Andy Wadley, trustee chair for the Capita Pension & Life Assurance Scheme, said: “We believe Russell Investments’ experience and proven pedigree in strategic advice, portfolio implementation and ESG will be highly beneficial in helping us meet our investment objectives."
This article originally appeared on MandateWire.com
