On the go: The £10.4bn Merseyside Pension Fund has appointed Redington to act as its strategic investment adviser.
A spokesperson for the Wirral fund confirmed to Pensions Expert’s sister title MandateWire that Redington has replaced Aon as an adviser.
The procurement was completed in October 2022, with Redington appointed on a retained basis for an initial term of three years. The adviser will assist in delivering the fund’s change programme over the next 12 to 24 months.
This project includes the delivery of a net zero plan and wider responsible investment strategy, including a full review of the fund’s equity, fixed income and private markets portfolios, and a wider review of its risk management arrangements.
Merseyside Pension Fund director of pensions Peter Wallach said: “Merseyside Pension Fund is at a critical juncture in its journey – as well as looking to consolidate a strong funding position, we are undertaking a detailed change programme, reviewing all areas of investment strategy inclusive of net zero.”
This article originally appeared on MandateWire.com
