News in brief - 31 July 2020

Border to Coast Pensions Partnership has announced it has secured £1.4bn of commitments to infrastructure investments.

The asset manager, which is owned by 11 local government pension scheme funds with collective assets of around £46bn, has already deployed £675m of infrastructure investments from its first offering. A further £760m of commitments has been secured from its partner funds in its second infrastructure offering, with these commitments set to be deployed in the period to 31 March 2021 as part of a programme to build a diversified global infrastructure portfolio. Border to Coast chief investment officer, Daniel Booth, said: “Thanks to our collective size we have been able to access high quality investment opportunities whilst generating significant collective fee savings for our investors over the long term.”

XPS Pensions Group has launched a concierge service which it claims can bridge “the gap between traditional consulting and full delegation”.

The service is intended to help trustees of defined benefit schemes who want to retain full control of investment decision making but delegate timely and effective implementation. As there continue to be more regulatory hoops for trustees to jump through, XPS argued that its new service will allow them to filter through all the things competing for their time and attention, and focus on the key strategic decisions that will ensure their scheme can honour the pension promises made to its members.

Dentons Pensions has partnered with Intelliflo to launch a valuation download facility within the latter’s Intelligent Office software.

The self-invested personal pension specialist said the app is targeted at advisers and will result in a streamlining of their process, giving them more time to spend with clients. The app will be available on Intelliflo’s Intelligent Office store, which is used by over 2,500 advisory firms. Dentons director of sales and marketing, David Fox, said: “Dentons Pensions is dedicated to providing a high-quality adviser and client support service and offering links to Intelligent Office is just one of the ways we are continuing to do this. It provides a modern approach to assist advisers in interacting with clients with secure virtual communications, which has quickly become the ‘new normal’ in so many aspects of our lives and will continue to be.”

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