News in brief 12 January

Written by Talya Misiri

Russell Investments awarded £15bn LGPS mandate

Eight public sector pension funds in Wales have appointed Russell Investments and Link Asset Services to help pool and run £15bn of investments. Russell Investments will provide investment advice and manager selection to the Wales Pension Partnership. The investment firm's mandates with Link will include: portfolio construction, cost reduction, currency hedging, transition management and other services for the fund.

PTL launches transaction cost value assessment tool Clear Funds

PTL has announced the launch of Clear Funds, a service aimed to assist asset managers with helping their clients assess the value of investment transaction costs. The tool will enable asset managers to provide PTL with cost data for each of their funds and details of the control framework they have to optimise costs. From this, PTL will independently assess the data and produce a simple, short report for each fund. The asset managers will then be able to share this with all of their pension clients. "This will save trustees and IGCs, asset managers and intermediaries' time, work and therefore, money," PTL managing director Richard Butcher said.

SimplyBiz Group launches GDPR hub to support advisers with new regulation

SimplyBiz Group has launched an online hub to assist advisers with meeting the requirements of the General Data Protection Regulation policy that comes into effect on 25 May. The online resource provides information on each step advisers must take to ensure full compliance with GDPR. This include: raining options designed to aid awareness to a gap analysis tool and full suite of client-facing material created in line with the upcoming requirements. New internal policy documents and guidance on issues such as the responsibilities of data protection officers and management of breaches are also available.

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