Redington selects Ninety One Global Environment Fund in employee default pension

Ninety One’s Global Environment Fund has been added to the employee default DC pension plan of Redington, a UK-based independent investment consultant to pension funds and other long-term savings institutions.

May 26, 2022

Ninety One’s Global Environment Fund has been added to the employee default DC pension plan of Redington, a UK-based independent investment consultant to pension funds and other long-term savings institutions. Launched in 2019 and managed by Deirdre Cooper and Graeme Baker, the Global Environment Fund seeks to capture the structural decarbonisation growth story, by investing in companies that are driving the transition to a low carbon world.

The addition of Ninety One’s Global Environment Fund follows a regular review of Redington’s default investment strategy and underscores a shared allegiance and commitment to sustainable investment by both companies. Redington has added the Global Environment Fund to each phase of its employees’ retirement journeys, spanning from accumulation to drawdown.

Nigel Smith, Managing Director, UK Client Group at Ninety One, commented: “The selection of the Global Environment Fund in Redington’s default DC pension scheme is testament to our commitment to provide sustainability with substance. This allocation marks an exciting step for Ninety One within the UK DC market, which we believe will be an area of significant growth and opportunity for our UK business over the coming years.”

Mathias Rasmussen, Director, Investment Consulting at Redington & Chair of the Redington Pension & Savings Governance Committee: “Our mission to help make 100 million people financially secure – for the benefit of people and planet, begins with our employees. We set out on a journey to create a best-in-class pension scheme, and in 2020, we proudly achieved the Pension Quality Mark in recognition of the high-quality scheme created.

“Our pension was designed in much the same way as our clients’ portfolios: advised by our DC consultants and Sustainable Investment team, approved by our Investment Strategy Committee and comprised of a set of managers rated ‘Preferred’ by our Manager Research team. This means all our employees are invested alongside our clients.

“Building a sustainable future is a huge challenge that no individual or company can solve alone. But by taking responsibility for the things we can control, together we can make a real difference. This is why we’re pleased to include the Global Environment Fund in our pension.”

 

Jeannie Dumas

Communications Director (ex-Africa)
+44 20 3938 3084

Laura Henderson

Communications Manager
+44 20 3938 2609

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