Border to Coast saves partners £250 million

Border to Coast Pensions Partnership is set to deliver more than £110 million of cumulative net savings to its partner funds within the first decade of pooling, according to its third annual report. This figure is likely to exceed £250 million over a 15 year period, based on current funds launched and the pooling methodology as set out by MHCLG for time period April 2015 to March 2025, and April 2015 to March 2030.

The savings have been made through its support of the diversification of risk from providing improved access to a broader range of assets, including infrastructure.

The collective nature of the pool has increased the influence of its partner funds as active investors.

The savings are distributed between the 11 partner funds, depending on their asset size, asset mix and their pre-pooling investment style.

Chris Hitchen, chair of Border to Coast, said: “We were created to make a difference – and we are already delivering for and on behalf of our partner funds.”

“While we are only three years into our initial five-year strategic plan, given the challenges of setting up an FCA regulated asset manager and managing through Covid-19, what we have achieved together with our partner funds is truly impressive.”

Border to Coast supports its partner funds on £35.4 billion of their £55 billion of assets, directly managing £24.7 billion and providing advice on £10.7 billion.