Key Takeaways
- • Insight Investment has been appointed as fiduciary manager to an unnamed UK defined benefit pension scheme on a £1bn mandate, according to Pensions Age.
- • Insight will oversee the scheme's investment strategy, implementation and day-to-day governance, working alongside trustee Law Debenture and the scheme sponsor.
- • The mandate covers liability-hedging assets, contractual income strategies, and legacy and external investments.
- • Law Debenture, acting as corporate sole trustee, says the arrangement suits a well-funded scheme that is sharing surplus.
- • Insight's head of client solutions group, Serkan Bektas, says the partnership aims to support investment outcomes and provide greater clarity on surplus sharing and member security.
Summary
Insight Investment has been appointed as fiduciary manager to a UK defined benefit (DB) pension scheme on a £1bn mandate, according to Pensions Age. The scheme itself is not named in the source reporting. Under the appointment, Insight will oversee the scheme's investment strategy, implementation and day-to-day governance. It will work alongside trustee Law Debenture and the scheme sponsor.
The mandate covers liability-hedging assets, contractual income strategies, and legacy and external investments. Insight head of client solutions group, Serkan Bektas, said the firm's fiduciary offering is designed around the current circumstances and needs of defined benefit pension schemes. He said the partnership aims to support investment outcomes and provide greater clarity on surplus sharing and member security.
Law Debenture acts as corporate sole trustee for the scheme. Professional trustee Emma Pittaway said the firm sees commonalities between the principles of corporate sole trustee and fiduciary management. She noted the model is not right for all situations, but considered it appropriate here because the scheme is well funded and sharing surplus. Pittaway said Law Debenture looks forward to working with the Insight team on the scheme's long-term objectives, member security, and future surplus arrangements.
Other trade outlets have covered the broader fiduciary management market in parallel, including Pensions Expert reporting on WTW winning a fiduciary mandate from Plumbing Pensions. Publisher-linked coverage also references a separate £1.3bn fiduciary mandate for the QinetiQ Pension Scheme, but that is a different appointment and is not part of the scheme described in this report.
The mandate covers liability-hedging assets, contractual income strategies, and legacy and external investments. Insight head of client solutions group, Serkan Bektas, said the firm's fiduciary offering is designed around the current circumstances and needs of defined benefit pension schemes. He said the partnership aims to support investment outcomes and provide greater clarity on surplus sharing and member security.
Law Debenture acts as corporate sole trustee for the scheme. Professional trustee Emma Pittaway said the firm sees commonalities between the principles of corporate sole trustee and fiduciary management. She noted the model is not right for all situations, but considered it appropriate here because the scheme is well funded and sharing surplus. Pittaway said Law Debenture looks forward to working with the Insight team on the scheme's long-term objectives, member security, and future surplus arrangements.
Other trade outlets have covered the broader fiduciary management market in parallel, including Pensions Expert reporting on WTW winning a fiduciary mandate from Plumbing Pensions. Publisher-linked coverage also references a separate £1.3bn fiduciary mandate for the QinetiQ Pension Scheme, but that is a different appointment and is not part of the scheme described in this report.
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