News in brief - 9 July 2021

Redington and Quietroom have formed a strategic partnership.

The duo intend to create an integrated proposition for defined benefit (DB) and defined contribution (DC) pension schemes, allowing trustees to access support from two specialist organisations via a single relationship. Redington said the partnership illustrated its continued commitment to expanding the services it is able to offer clients, whilst ensuring all advice remains truly specialist, independent and of the highest calibre.

LV= has announced plans to include greater emphasis on environmental, social and governance (ESG) factors in its smoothed managed funds.

In order to ensure that the asset allocation across smoothed fund portfolios are in line with UN Sustainable Development Goals, LV= said it had developed a Responsible Investment Framework supporting the targets set for 2030. The smoothed managed funds are designed to help deliver low-volatility returns for risk-sensitive clients and are most suitable for cautious investors with a ‘low’ to ‘low-medium’ risk profile who are likely to be nearing, or in retirement.

Smart has signed a 15-year lease for its new London-based international headquarters.

The six story offices at 136 George Street, which will soon be known as ‘The Smart Building’, is one of the first all-electric powered office buildings in central London, which will be operationally carbon zero from day one of occupation, with electricity from renewable sources. Smart’s 340-strong London-based workforce will be moving from its current offices in Paddington. The signing of the new lease follows Smart’s announcement of a £165m Series D funding round, which was led by Chrysalis Investments.

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