GLOBAL - The new chairman of the Enhanced Analytics Initiative (EAI), Peter Scales, has cited asset managers as its next recruitment target.
Upon taking up the position, Scales, former CEO of the London Pensions Fund Authority (LPFA) said the body would also reach out to even more international partners.
Scales told Global Pensions: “We do not work with enough direct asset managers yet and they are really the ones who carry out investment processes and conduct a great deal of research, though much of this research is client-led.”
Scales added: “This is understandable as they are running businesses after all, but often research will only be carried out on the specifics a client has requested.”
The new chair, who took over the position at the beginning of September, also speculated the EAI could put together a checklist for trustees with questions to ask managers about their investments.
Scales concluded: “It’s up to pension fund trustees to ask their managers for what they want, as much of the pressure for change will come from them.”
Scales became the first CEO of LPFA in 1990, which he involved in a number of initiatives relating to responsible investment.
He has continues to chair both the Marathon Club and the Institutional Investors Group on Climate Change.
David Blood, who stood down as chair of EAI, remains active within the body.
Members of the EAI have collectively US$1.9trn assets under management.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.