Key Takeaways
- • Insight Investment has been appointed fiduciary manager for the £1.3bn Qinetiq Pension Scheme, following a competitive tender run by professional sole trustee Dalriada in partnership with the sponsor, defence technology company Qinetiq.
- • Insight already manages the scheme's liability-driven investment (LDI) portfolio, valued at £351m at the end of March 2025 according to Qinetiq's latest annual report.
- • Under the mandate, Insight will advise the trustee board on investment strategy and take full responsibility for day-to-day management and implementation.
- • As of 31 March 2025, the LDI mandate represented around 30% of the scheme's portfolio, with private debt at 23% and buy-in contracts at 38%.
Summary
Insight Investment has been appointed as fiduciary manager for the £1.3bn Qinetiq Pension Scheme, according to Pensions Expert. The scheme is sponsored by defence technology company Qinetiq. Dalriada, the professional corporate sole trustee for the scheme, ran a competitive tender for the mandate in partnership with the sponsor.
Insight was already running the scheme's liability-driven investment portfolio, which was valued at £351m at the end of March 2025, per Qinetiq's latest annual report. Under the fiduciary model, Insight will advise the trustee board on investment strategy and assume full responsibility for day-to-day management and implementation. In a press release, Insight said Dalriada had set "clear investment objectives that establish the scheme's long-term goals within defined risk parameters."
Martin Cooper, chief financial officer at Qinetiq, described the move as "another step forward in enhancing the governance of the company's defined benefit pension scheme," adding that Insight "performed strongly in a highly competitive tender process." David Fogarty, professional trustee at Dalriada, said Insight's proposal "fitted extremely well with the scheme's current positioning and strategic objectives." Serkan Bektas, head of Insight's client solutions group, said the framework aims to support "robust governance and timely decision-making," allowing the trustee to focus on strategic objectives while Insight focuses on delivering the targeted investment outcome.
As of 31 March 2025, the scheme's portfolio allocation was roughly 30% LDI mandate (managed by Insight), 23% private debt and 38% buy-in contracts, according to the source's breakdown of the scheme's holdings.
Insight was already running the scheme's liability-driven investment portfolio, which was valued at £351m at the end of March 2025, per Qinetiq's latest annual report. Under the fiduciary model, Insight will advise the trustee board on investment strategy and assume full responsibility for day-to-day management and implementation. In a press release, Insight said Dalriada had set "clear investment objectives that establish the scheme's long-term goals within defined risk parameters."
Martin Cooper, chief financial officer at Qinetiq, described the move as "another step forward in enhancing the governance of the company's defined benefit pension scheme," adding that Insight "performed strongly in a highly competitive tender process." David Fogarty, professional trustee at Dalriada, said Insight's proposal "fitted extremely well with the scheme's current positioning and strategic objectives." Serkan Bektas, head of Insight's client solutions group, said the framework aims to support "robust governance and timely decision-making," allowing the trustee to focus on strategic objectives while Insight focuses on delivering the targeted investment outcome.
As of 31 March 2025, the scheme's portfolio allocation was roughly 30% LDI mandate (managed by Insight), 23% private debt and 38% buy-in contracts, according to the source's breakdown of the scheme's holdings.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.