On the go: Standard Life has embedded a range of sustainable multi-asset funds for its 1.5mn pension scheme members, with around £15bn of sustainable solutions investments now managed on their behalf.
The transition was completed two months ahead of its scheduled end-of-year timeline.
The programme began with the adoption of a sustainable multi-asset solution for 87,000 members of the Standard Life Master Trust in February 2022.
This was then followed by the transition of 1.2mn members in the Active Plus and Passive Plus III Growth Pension Fund into a sustainable multi-asset responsible investment solution, Standard Life said. As part of this stage, £11.4bn in assets was transitioned into sustainable investments.
The programme concluded in October, when around 200,000 members invested in the Active Plus and Passive Plus I, II, IV, and V fund ranges were switched into responsible investment solutions.
Standard Life’s workplace managing director Gail Izat said: “We set out to offer an outcomes-based, future-proofed responsible investment proposition, not just for new joiners to workplace schemes but for those who have been loyally saving with us for many years too.
It’s been a massive undertaking to successfully implement the switch of over 1.5mn existing members and transfer £15bn in assets to our sustainable multi asset investment solutions.”
This article originally appeared in MandateWire.com
