The Hymans Robertson Pension Plan has cut its carbon footprint by a third (33 per cent) after launching a new investment strategy for its default arrangement.

The pension and financial services consultancy firm said it was also delivering lower charges after the launch, which has seen the plan move from a contract-based arrangement to a master trust arrangement in the Legal & General Master Trust.

Hymans Robertson Pension Plan Governance Committee chair, Rona Train, said: “We’re really excited to be able to deliver a new pension arrangement to our members which not only gives them better value and a projected higher income at retirement, but also does this in a more sustainable way.

“Our members, and Hymans Robertson as a firm, are very passionate about taking a positive approach to environmental and social governance (ESG). We see this as the first step on our journey to a 'net zero' pension scheme over the coming years”.

Hymans Robertson head of human resources, Steve Moore, commented: “The move to the master trust arrangement is a really positive one for us as we can include our self-employed partners in the same scheme as our salaried staff.

“Not many providers were able to offer this for us and we’re delighted to have worked with Legal & General as our new provider partner, to offer this high quality and flexible pension plan for our staff. This, coupled with our generous contribution structure, will help to deliver good retirement outcomes for our members.”

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