Redington, the leading independent investment consultant, has today announced its appointment as strategic investment adviser to the Cambridge University Assistants Contributory Pension Scheme (CUACPS).
The CUACPS is an open defined benefit pension scheme with c.£700m in assets and c.13,900 members, consisting primarily of the University’s Support Staff as well as certain staff from other associated employers.
Redington has been appointed by the Scheme on a retained basis to support the Investment Committee in evolving the investment strategy to align to their ultra-long-term growth requirements within the bounds of a pension scheme regulatory environment.
Within this strategy, one of Redington’s key responsibilities will be enhancing the Scheme’s sustainability characteristics, with particular attention on the role the Scheme can play in the climate transition as investors and responsible stewards of capital.
In this regard, the CUACPS will benefit from Redington’s best-in-class manager research to enhance its investments across the global opportunity set, including through access to private, alternative and impact strategies.
Redington acts as an adviser to over £500bn of client assets. This appointment marks the latest procurement for the firm’s Global Assets team, which provides bespoke investment research, advice and manager selection to a growing range of clients, including wealth managers, endowments, foundations, charities, family offices and insurers across the world.
Commenting on the appointment, Tara Gillespie, Head of Global Assets at Redington, said: “The CUACPS has a rich track record of delivering benefits to Cambridge University’s Support Staff over the past hundred years, and it’s a pleasure to be helping shape an investment strategy that will continue to serve its needs and objectives for the decades ahead.
“We welcome their commitment to ESG principles that will help to secure a more sustainable future for people and planet, and we look forward to pooling our own expertise across both pensions and endowments to deliver the most effective strategy for the Scheme.”
Michael Pratten, Chair of CUACPS Investments Committee, commented: “This is an exciting time to have joined the Investment Committee and I’m delighted to be working in collaboration with Redington to optimise outcomes for CUACPS members in this next phase of our journey. Redington has already demonstrated its ability to tailor its approach to our needs. The strength of its team and depth of capabilities across both public and private markets – as well as in sustainable investment specifically – will no doubt prove invaluable as we evolve our strategy for our ambitious long-term growth objectives.”