Dalriada Trustees’ Lewis Drew has become the youngest ever accredited professional trustee.

Drew has been accredited by the Association of Professional Trustees (APPT) at the age of 23. After leaving school in 2016, Drew joined the pensions industry as an administrator at a midlands-based consultancy firm. Prior to joining Dalriada in November 2020, he worked as the lead administrator for several DB, DC and hybrid pension schemes, and also took on the role of scheme secretary for a number of trustee boards.

Almost half (42 per cent) of professional investors believe that the price of Bitcoin needs to consistently be above $100,000 before pension schemes will be pressured to start investing in cryptocurrency.

The research from Nickel Digital Asset Management also found that 13 per cent of respondents felt that Bitcoin only needs to consistently reach $50,000 for schemes to face pressure, while 28 per cent believed the figure needed to be $75,000. Around one in seven (15 per cent) felt it needed to reach $200,000 and 3 per cent believed pension scheme allocation to digital assets was not dependent on what price Bitcoin reaches.

Legal & General Investment Management (LGIM) Real Assets has secured £270m in green development financing from a group of banks.

On behalf of its build to rent platform, the firm has arranged a four-year green debt facility with HSBC, NatWest and Standard Chartered. HSBC and Standard Chartered acted as joint sustainability coordinators while NatWest acted as documentation coordinator and agent. The green debt facility will be used to fund the development of the £500m Wandsworth build to rent scheme. The funding is aligned to the Loan Market Association’s Green Loan Principles and one of the largest sustainable finance facilities in the housing sector to date. The scheme will deliver more than 1,000 homes, 35 per cent of which will be affordable, and over 60,000 square feet of commercial space.

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