The mandate involves a highly bespoke solution that meets the Scheme’s strategic needs, with a focus on integrating Environmental, Social and Governance (ESG) factors into investment decision making and aligning to the charitable mission of the sponsor.
Schroders Solutions worked extensively with the Trustees to understand its ESG preferences. This led to the creation of a custom-built equity portfolio excluding companies which derive a material percentage of their revenue from tobacco given the harmful effects of smoking on eyesight.
Our investment solution has been used as a springboard to launch a pooled equity fund for other FM clients, that follows our FM process but incorporates a wider range of exclusions and ESG tilts.
James Barham, Executive Chairman, Schroders Solutions, said: “This successful mandate win further demonstrates Schroders Solutions’ focus on working in partnership with clients to meet their investment objectives. We are grateful for the trust placed in us and look forward to working closely with the Trustees. Our objective is to be the provider of choice for FM services by offering an end-to-end solution with a specific focus on robust portfolio construction, responsible investing and bespoke service.”
Andrew Evans, Chair of RNIB Retirement Benefits Scheme, said: “We’re delighted to appoint Schroders as our fiduciary manager following a highly competitive selection process. The firm demonstrated a thorough understanding of the Trustees' needs by effectively incorporating our specific ESG beliefs into the Scheme’s investment strategy.”
Stuart Fox, RNIB’s Chief Financial Officer, added: “Schroders’ sustainability capabilities have been crucial in aligning our portfolio with our long-term objectives, and the overall mission of RNIB.”
This mandate, whose assets have been successfully onboarded, further builds on Schroders Solutions’ strong momentum, having been awarded a £1 billion FM mandate by the Merchant Navy Ratings Pension Fund last year[1]. Schroders Solutions manages £220.8 billion[2] in investment solutions globally.
As a Group, Schroders is the largest charity investment manager in the UK[3] through Cazenove Capital, a leading provider of personalised wealth management services to ultra-high net worth and high net worth clients, family offices and trusts.
We are investment partner to 1,734 charities with £12.9 billion under management[4] and are also fiduciary manager to 15 pension schemes who have charitable organisations as their sponsoring employer.
|
