News in brief - 1 March 2019

Aegon Master Trust’s total assets reach £1bn.

Total assets under management of Aegon UK’s master trust has reached £1bn. The master trust was a “key component” of the Blackrock acquisition and became Aegon Master Trust (AMT) in July 2018. Commenting, Aegon UK head of master trust, Kate Smith said: “We expect to see our master trust double in size in 2019, so we can realise our aspirations to be the best UK master trust and really drive value for members while raising member engagement.”

Sackers launches new environment, social and governance (ESG) guidance for trustees.

The guide focuses on UK legal developments such as investment regulations and additional disclosure requirements for DC schemes, EU-derived legislation such as IORP II and SRD II, what’s coming up on the agenda for trustees in the next 12 months, including TCFD, stewardship and DC considerations, a re-examination of trustee fiduciary duties and a full action plan with practical actions for trustees.

Willis Towers Watson’s (WTW) secure income fund reached £1bn in UK commitments.

WTW has announces that the Towers Watson Secure Income Fund has reached £1bn of commitments. The fund is available to DB schemes in the UK, offering long-term income and could help alleviate liability mismatch. WTW portfolio manager for the SIF and ESIF, Duncan Hale commented: “We launched our secure income fund to give pension schemes access to a strategy that was cash-flow generative, allowing them to more effectively match their liabilities, but that also had sustainable investment at its core.

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