On the go: The Brunel Pension Partnership is aiming to complete the transition of assets from its partner funds by the fourth quarter of 2020, by which point it expects to have launched the majority of its portfolios.
In an update published on the pool’s website on Monday, independent chair Denise Le Gal stated that around £15bn of assets of its Local Government Pension Scheme clients had been successfully transitioned by the end of 2019, which amounts to 50 per cent of Brunel’s total assets.
She said: “The past year has seen substantial progress in the development of our investment business.
“We have worked closely with our clients to deliver new portfolios, and a very useful development has been an assurance framework with clients so they can be satisfied we have met the specification for each portfolio, and so allocate to the portfolios in an expedited manner.”
For 2020, the pool will “increasingly focus on management and how we can continue improving the portfolios and the service we provide”, Ms Le Gal noted.
She added that the partnership has received excellent feedback from managers about the quality of its selection processes, the robustness of its investment and operational due diligence.
“It’s become known across the industry that we kick the tyres quite hard. This absolutely fits with our long-term and sustainable approach towards investing for our clients,” she said.
The Brunel Pension Partnership is a collaboration of the LGPS funds for Avon, Buckinghamshire, Cornwall, Devon, Dorset, the Environment Agency, Gloucestershire, Oxfordshire, Somerset and Wiltshire.
