Brunel marks first anniversary with £6 billion under management

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.”