News in brief - 28 May 2021

Profile Pensions has launched five environmental, social and governance (ESG) portfolios, bringing whole of market ESG pension investment advice.

Profile Pensions said the advice was impartial and portfolios were “without the premium that other ESG investing seems to have attracted”. It has created five portfolios that are recommended depending on the appropriate level of risk for each customer. The portfolios exclude companies that generate 30 per cent or more of their revenues from coal-related activities, weapon manufacturers, tobacco companies and firms that do not comply with the United Nations Global Compact.

PensionBee has been named the official pension partner of Brentford Football Club (FC).

The partnership will see PensionBee’s logo feature on matchday and digital assets, as well as working with the club on activations and content creating. PensionBee will also get involved in community projects, becoming an official trust supporter of the Brentford Community Sports Trust. Brentford FC commercial director, James Parkinson, commented: “Brentford has been known for trying to do things differently in the football world and like us, PensionBee are making huge strides in their own industry, instigating positive change in an area that can be very confusing.”

Pension Insurance Corporation (PIC) has invested £90m in a build to rent project being developed by Amro Partners.

The 15-story, 278 apartment development will be built in Ealing, West London. It will be fully owned by PIC and is the company’s second fully-owned and self-funded build to rent scheme following a £130m investment in a similar project in Manchester, announced last year. Over a third (35 per cent) of the rooms will be affordable housing, with the construction expected to be completed by the end of 2023.

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