Brunel marks first anniversary with £6 billion under management

August, 2018 Print


Brunel Pension Partnership, the asset pool for 10 LGPS funds mostly from the South West, has marked its first anniversary since its launch by celebrating bringing £6 billion in assets under management.

In total, the pool will manage £30 billion in assets for its underlying pension funds, which it will allocate to managers with expertise in around 24 portfolios, or strategic investment offerings. Legal & General Investment Management (LGIM) was announced in April as Brunel’s passive equity manager and assets are being transitioned to it.

Brunel Pensions Partnership chief executive office Dawn Turner commented: “This is an extremely exciting time for Brunel. The selection of LGIM resulted from a rigorous and diligent search, and we are pleased to be passing them the funds that they will be responsible for in partnership with Brunel. As a company, Brunel Pension Partnership may now be a year old, but in practical terms this is just the beginning of looking after the investments that support the provision of pensions for almost 700,000 beneficiaries.”

Turner added: “We really want to thank all of our contracted partners to date, including Alpha, Deloitte, Eversheds Sutherland, FundRock Management, Grant Thornton, Inalytics, Redington and State Street.”


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