Bexley Pension Fund appoints Redington as investment consultant

The London Borough of Bexley Pension Fund has announced the appointment of Redington as investment consultant.

The fund, which has around 17,000 members and is part of the Local Government Pension Scheme (LGPS), said developing its approach to responsible investment and management was a “key priority”.

With this in mind, helping the Investment Committee advance its investment objectives in both areas and recognizing the need to focus on climate risk management should be “one of the primary goals of the mandate going forward.” “.

Commenting on the appointment, Tri-borough Director Phil Triggs said: “We have always been very conscious of our duty as investors and are committed to good corporate governance and accountability. through our investment strategy.

“Redington’s deep understanding of the challenges LGPS faces, coupled with their responsible investment expertise and structured approach to risk management, really set them apart during the selection process.

“The team’s contribution and expertise will be invaluable as the Fund progresses through the next stage of its journey.”

Additionally, Jill Davys, Head of LGPS at Redington, said the investment landscape has “never been more complex for LGPS, particularly given the growing focus on responsible investing and responsible management”.

“In this context, it has been extremely encouraging to see so many funds wanting to channel their influence in this area to greater effect,” she continued.

“Bexley is in a strong position and we are extremely excited to partner with them to provide additional financial security to stakeholders and help build a more sustainable future”

Dolores W. Simon