Key Takeaways
- • Amundi has been selected by The People's Pension (TPP), one of the UK's largest independent pension funds, to manage a £20 billion index mandate.
- • The mandate covers developed market equity indices with climate-related criteria, executed across five regional equity index portfolios.
- • Amundi's responsible investment commitments, aligned with TPP's stewardship priorities, were a key factor in the appointment, alongside index portfolio construction and risk management capabilities.
- • The win is the latest addition to Amundi's growing DC pension business in the UK and globally, and Amundi describes it as a turning point in its UK offering.
- • TPP serves 7 million members, and the mandate sits within a broader services package including ESG data via Amundi Technology's ALTO platform.
Summary
The People's Pension (TPP), one of the UK's largest independent pension funds, has selected Amundi to manage a £20 billion mandate, according to Amundi's announcement. The mandate is based on developed market equity indices and incorporates climate-related criteria.
Amundi said it was chosen for the strength of its index portfolio construction, risk management capabilities and industry expertise. The firm highlighted its responsible investment commitments, which it said align with TPP's stewardship priority areas, as a key factor in the appointment. The mandate is the latest addition to Amundi's fast-growing defined contribution (DC) pension scheme business in the UK and globally.
Amundi's Equity Index Team will manage the mandate across five regional equity index portfolios. Lionel Brafman, Head of Equity ETF & Indexing in Amundi's ETF and Indexing business line, will be lead portfolio manager, supported by Isabelle Lafargue, Deputy Head of Equity ETF & Indexing. Both report to Laurent Trottier, CIO of Amundi's ETF and Indexing business line.
Beyond the mandate itself, Amundi will provide TPP with responsible investment analysis, asset allocation advice and bespoke research through the Amundi Investment Institute, as well as ESG data, metrics, reporting and analytics through Amundi Technology's ALTO platform. Jean-Jacques Barbéris, Head of the Institutional and Corporate Clients Division and ESG at Amundi, described the partnership as a turning point in the firm's UK offering. TPP's stated aim is to add value for its 7 million members, reflecting its view that deep partnerships with leading managers are central to its investment philosophy.
Amundi said it was chosen for the strength of its index portfolio construction, risk management capabilities and industry expertise. The firm highlighted its responsible investment commitments, which it said align with TPP's stewardship priority areas, as a key factor in the appointment. The mandate is the latest addition to Amundi's fast-growing defined contribution (DC) pension scheme business in the UK and globally.
Amundi's Equity Index Team will manage the mandate across five regional equity index portfolios. Lionel Brafman, Head of Equity ETF & Indexing in Amundi's ETF and Indexing business line, will be lead portfolio manager, supported by Isabelle Lafargue, Deputy Head of Equity ETF & Indexing. Both report to Laurent Trottier, CIO of Amundi's ETF and Indexing business line.
Beyond the mandate itself, Amundi will provide TPP with responsible investment analysis, asset allocation advice and bespoke research through the Amundi Investment Institute, as well as ESG data, metrics, reporting and analytics through Amundi Technology's ALTO platform. Jean-Jacques Barbéris, Head of the Institutional and Corporate Clients Division and ESG at Amundi, described the partnership as a turning point in the firm's UK offering. TPP's stated aim is to add value for its 7 million members, reflecting its view that deep partnerships with leading managers are central to its investment philosophy.
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