The London Borough of Bexley Pension Fund has announced the appointment of Redington as its investment consultant.
The fund, which has around 17,000 members and is part of the Local Government Pension Scheme (LGPS), stated that developing its approach to responsible investment and stewardship has been a "key priority".
In line with this, supporting the investment committee on further progressing its investment objectives in both areas, and recognising the need to focus on climate risk management, is expected to be "a core focus of the mandate going forward".
Commenting on the appointment, Tri-borough director, Phil Triggs, said: “We have always been very conscious of our duty as investors and are committed to demonstrating good corporate governance and responsibility via our investment strategy.
"Redington’s deep understanding of the challenges faced by the LGPS, coupled with its responsible investment expertise and structured approach to risk management, really set them apart during the selection process.
“The team’s input and expertise will be invaluable as the Fund progresses on the next stage of its journey.”
Adding to this, Redington head of LGPS, Jill Davys, said that the investment landscape has "never been more complex for the LGPS, particularly given the increasing emphasis on responsible investment and stewardship".
"Against this backdrop, it’s been hugely encouraging to see so many funds wanting to channel their influence in this area to greater effect," she continued.
“Bexley is in a strong position and we are hugely excited by the opportunity to partner with them to provide additional financial security for stakeholders and help build a more sustainable future”
Recent Stories