Mobius Life, the independent institutional investment platform, has launched a new service which provides pension schemes with a report which collates asset managers’ ESG themes to help trustees complete their annual implementation statements.
From October 2020 all trust-based pension schemes with more than 100 members must publish an implementation statement in their annual report which sets out how they acted on the principles set out in their Statement of Investment Principles (SIP).
The SIP documents schemes’ investment strategies, including investment objectives and policies. It must include
schemes’ policies in relation to environmental, social and governance (ESG) considerations, such as climate change.
Defined Benefit (DB) and Defined Contribution (DC) schemes have seven monthsfrom their year–end to produce and publish their implementation statements. DC schemes will also be required to publish their implementation statements online for public scrutiny.
The Mobius Life service provides a bespoke report for scheme trustees settingout asset managers’ attitudes and capabilities for investing responsibly. This includes summarising the managers’ voting patterns and the reporting on theoutcomes of managers’ engagements with companies.
Adrian Swales, Chief Executive Officer, Mobius Life said: “Trustees must now consider how they incentivise asset managers to invest in accordance with their own beliefs on issues such as climate change and board diversity.
“Our new service helps trustees to contextualise the approaches of asset managers and to understand how scheme assets are being invested. This would otherwise be a time-consuming and onerous task for consultants and trustees to complete.
“The feedback from our clients who are already using the service has been very positive as it helps them to meet the requirements of the implementation statement for their pension scheme clients.”
For further information, please contact:
Mobius Life, Mike Lord
E: [email protected]
M: +44 (0)7831 401 311
Notes to Editors:
Mobius Life (www.mobiuslife.co.uk) is a UK life insurance company and institutional investment platform, established in 1996, with in excess of £20 billion assets under administration. We deliver investment administration and life company services to DB and DC pension funds, asset managers and other institutions. Mobius Life empowers investors to implement investment strategies efficiently in a cost-effective manner.
Mobius Life won the Institutional Pension Platform of the Year award at the 2019 and 2020 Professional Pensions Awards.
Mobius Life Limited 7th Floor, 20 Gresham Street, London EC2V 7JE
t: + 44 (0)20 7847 3300 f: + 44 (0)20 7847 3399 w: www.mobiuslife.co.uk
Mobius Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales at: 7th Floor, 20 Gresham Street, London, EC2V 7JE. Registered No. 3104978. For your security telephone conversations may be recorded.
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