Insight's Serkan Bektas: Our aim is to support robust governance and timely decision making that places the focus on the scheme’s journey
The £1.3bn QinetiQ Pension Scheme has appointed Insight Investment as its fiduciary manager.
The appointment followed a competitive selection process run by the scheme's professional corporate sole Trustee, Dalriada, in conjunction with the scheme's sponsor, defence technology firm QinetiQ.
Insight will have responsibility for advising the trustee on all aspects of investment strategy in addition to day-to-day oversight and management of the scheme's assets.
Insight launched its fiduciary offering in 2024 and now has £4.6bn in outsourced chief investment officer (OCIO) and fiduciary assets under management.
Dalriada professional trustee David Fogarty said: "Insight provided an FM proposition that fitted extremely well with the scheme's current positioning and strategic objectives. As trustee we were very impressed with the team and the proposed solution. We look forward to working with them and the Sponsor to safely and securely deliver the benefit promises to the QinetiQ Pension Scheme members."
QinetiQ chief financial officer Martin Cooper commented: "Moving to a fiduciary management model is another step forward in enhancing the governance of the company's defined benefit pension scheme. Insight performed strongly in a highly competitive tender process and with the Insight team now onboarded we look forward to a successful partnership in driving the best long-term outcomes for the scheme and its members."
Insight chief executive Raman Srivastava said: "This appointment marks a significant milestone in the extension of our outsourced solutions. We offer a complete governance solution, acting as either OCIO or fiduciary manager, and our approach is built on a tried and tested investment philosophy."
Insight client solutions group head Serkan Bektas added: "Our aim is to support robust governance and timely decision making that places the focus on the scheme's journey. The framework we built together allows the trustee to concentrate on setting their strategic objectives and monitoring progress while we focus on reliable delivery of their targeted investment outcome."
