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News in brief

Written by Natalie Tuck
17/02/17

National LGPS Procurement Framework has appointed Capita Employee Benefits to provide third party pension administration and pension administration support services. Established by the LGPS, for the LGPS, and developed by Norfolk County Council in partnership with several LGPS funds, the framework has been designed primarily to support Local Government Pension Scheme (LGPS) funds but can also be used by all public sector pension schemes.

Aon has announced that the Aon MasterTrust has completed the master trust assurance framework, an independent review made against a defined set of criteria. The framework, produced by the Institute of Chartered Accountants in England and Wales (ICAEW), sets out how trustees should report against a series of 'control objectives' related to governance and administration of a master trust, and which are aligned with the standards set out in the The Pensions Regulator’s (TPR) DC code.

Legg Mason has strengthened its commitment to the United Nations-supported Principles for Responsible Investment (PRI) after Brandywine Global became the seventh of its affiliates to sign up the initiative. Since its launch in 2006, the PRI has become the leading network for global asset managers, asset owners and service providers to publicly demonstrate their commitment to responsible investment. Offering an efficient platform for these entities to collaborate with their peers about the financial and investment implications of environmental, social and corporate governance (ESG) issues, it enables members to incorporate these factors into their investment decision-making and ownership practices.

The Pensions Infrastructure Platform (PiP) has announced that it has reached an agreement with Trina Solar Limited (Trina Solar) to acquire six 5MW solar farms following the successful conclusion of each farm’s construction phase. The initial tranche of the acquisition, by the PiP Multi-Strategy Infrastructure Fund (MSIF), is for three operational solar farms grid-connected before the end of March 2016 with the remaining three farms to be completed once they become operational. The nature and location of the six assets provide a well-balanced and geographically diversified portfolio. PiP will also look to use the scale of the current portfolio as a foundation for further, carefully targeted acquisitions of similar assets.

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