Serkan Bektas: Our partnership on this mandate aims to support reliable investment outcomes within a highly collaborative partnership framework
Insight Investment has been appointed as fiduciary manager to an unnamed UK defined benefit pension scheme with a £1bn mandate.
The asset manager said it will – alongside the trustee, Law Debenture, and the scheme's sponsor – provide full scheme fiduciary management services to the scheme.
It said this will include responsibility for investment strategy, implementation and day-to-day governance, with a focus on supporting the scheme's long-term funding objectives and seeking to provide a high degree of certainty over cashflows and outcomes.
Law Debenture professional trustee Emma Pittaway said: "We are delighted to be appointing Insight as fiduciary manager for this large scheme, which we govern as corporate sole trustee.
"Although not right for all situations, we see a commonality between some of the principles behind corporate sole trustee and fiduciary management, and in this particular instance where the scheme is well funded and sharing surplus."
Pittaway added: "We look forward to working closely with the Insight team as we continue to support the scheme's long-term objectives, ensure security for members and consider surplus arrangements into the future."
Insight Investment head of client solutions group Serkan Bektas said: "Insight's fiduciary offering is designed with the current circumstances and needs of defined benefit pension schemes in mind. Our partnership on this mandate aims to support reliable investment outcomes within a highly collaborative partnership framework enabling greater clarity on surplus sharing and member security."
The mandate covers an integrated portfolio comprising liability‑hedging assets, contractual income strategies and the ongoing oversight of legacy and external investments.
Insight said it will work closely with Law Debenture and the scheme's advisers to align investment decision‑making with the trustee's objectives, while streamlining governance and reporting.
The investment manager launched its fiduciary management offering in 2024 and currently manages £4.5bn across outsourced chief investment officer and fiduciary agreements.
