News in brief - 22 April 2022

GLIL Infrastructure LLP (GLIL) has raised £1.2bn for further investment in UK infrastructure assets.

The additional capital commitment comes from GLIL’s Local Government Pension Scheme (LGPS) clients, including Greater Manchester, Merseyside, West Yorkshire Pension Funds, Lancashire County Pension Fund, Royal County of Berkshire Pension Fund, the London Pensions Fund Authority and Nest. This brings the the open-ended investment fund’s total committed capital to £3.27bn, of which it has already deployed £2.1bn into an infrastructure portfolio, which includes renewable energy production, schools, hospitals, trains, and water.

Moneyhub has partnered with Wyzr to launch an automated financial planning platform.

The platform, which uses Moneyhub’s Open Banking technology and Wyzr’s artificial intelligence algorithms, will launch its pilot later this month, allowing savers a 360-degree vision of their finances. The platform features automated savings goals so users can automatically put aside an amount they can afford each month, and can automatically create monthly budget for its users as a part of their financial plan by analysing their past spending. In addition to this, the platform will allow users to track the carbon footprint from their everyday spending and can easily offset and reduce it.

Pension and investment advisory firm Isio has moved offices.

The firm has agreed a five-year lease for a 1,337 sq ft ground floor suite of a Georgian Townhouse, set in Edinburgh’s city centre, and will relocate from its existing base in St Andrew Square from February. The firm, which was formed following the sale of KPMG UK’s pension practice to a private equity firm in March 2020, also has a number of other offices based around the UK, including Glasgow, London, and Manchester.

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