Schroders Solutions Secures £170 Million Fiduciary Management Mandate with RNIB Retirement Benefits Scheme

Schroders Solutions Secures £170 Million Fiduciary Management Mandate with RNIB Retirement Benefits Scheme

(IN BRIEF) Schroders Solutions has been awarded a £170 million Fiduciary Management mandate by the Royal National Institute of Blind People’s (RNIB) Retirement Benefits Scheme after a competitive tender. The bespoke solution integrates ESG factors, including the exclusion of tobacco companies, into the Scheme’s investment strategy, aligning with the RNIB’s mission. The mandate highlights Schroders’ expertise in responsible investing and tailored portfolio construction. This builds on Schroders Solutions’ success, which also includes a £1 billion mandate from the Merchant Navy Ratings Pension Fund. Schroders is the UK’s largest charity investment manager, managing £220.8 billion globally.

(PRESS RELEASE) LONDON, 20-Jan-2024 — /EuropaWire/ — Schroders Solutions has been awarded a £170 million Fiduciary Management (FM) mandate from the Royal National Institute of Blind People’s (RNIB) Retirement Benefits Scheme after a rigorous and competitive tender process. This bespoke mandate aims to address the Scheme’s strategic requirements, emphasizing the integration of Environmental, Social, and Governance (ESG) factors into investment decisions while aligning with the charitable mission of the RNIB.

The tailored solution developed by Schroders Solutions incorporates the Scheme’s specific ESG preferences, developed through close collaboration with the Trustees. A key feature of the investment portfolio is its exclusion of companies generating significant revenue from tobacco, recognizing the detrimental impact smoking can have on eyesight.

Schroders has leveraged this mandate to launch a pooled equity fund for other FM clients, which follows the same fiduciary management process but with a broader scope of exclusions and ESG considerations.

James Barham, Executive Chairman of Schroders Solutions, commented: “Securing this mandate is a testament to our dedication to forming strong partnerships with clients and delivering tailored investment solutions. We are excited to work with the Trustees and look forward to further establishing ourselves as the fiduciary management provider of choice, with a focus on responsible investing and portfolio construction.”

Andrew Evans, Chair of the RNIB Retirement Benefits Scheme, added: “After a thorough and competitive selection process, we are pleased to appoint Schroders as our fiduciary manager. They have demonstrated a deep understanding of our ESG priorities and effectively integrated them into the Scheme’s investment strategy.”

Stuart Fox, RNIB’s Chief Financial Officer, highlighted: “Schroders’ commitment to sustainability has been crucial in aligning our investment portfolio with our long-term goals and the overarching mission of the RNIB.”

This new mandate builds upon Schroders Solutions’ strong momentum in the fiduciary management space, having previously secured a £1 billion mandate with the Merchant Navy Ratings Pension Fund in 2024. Schroders Solutions now manages £220.8 billion in investment solutions globally.

Schroders, as a group, remains the UK’s largest charity investment manager through Cazenove Capital, offering personalized wealth management services. The firm works with 1,734 charities, managing £12.9 billion in assets, and serves as fiduciary manager for 15 pension schemes sponsored by charitable organizations.

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Schroders Solutions

Schroders Solutions is a £220.8 billion global capability with employees in the UK, US, Singapore, and Germany. Our dedicated solutions experts provide investment and advisory services to public and corporate pension schemes, official institutions, insurance companies, individual investors, intermediaries and wealth providers worldwide. Solving investment problems is integral to what we do. We draw on our knowledge and experience as a global provider to build bespoke investment solutions and strategies. We partner with our clients to understand their investment challenges and construct investment portfolios that deliver their desired financial outcomes. Our consultative approach draws on both Schroders’ investment skills and those of the wider investment industry. Schroders Solutions offers Fiduciary Management, Outsourced CIO, liability, duration and cashflow driven investing, as well as derivatives-based growth strategies. Our solutions are accessible to clients of all sizes through a flexible approach to implementation, sensitive to their needs and objectives.

Schroders plc

Schroders is a global investment manager which provides active asset management, wealth management and investment solutions, with £773.7 billion (€912.6 billion; $978.1 billion) of assets under management at 30 June 2024. As a UK listed FTSE100 company, Schroders has a market capitalisation of circa £6 billion and over 6,000 employees across 38 locations. Established in 1804, Schroders remains true to its roots as a family-founded business. The Schroder family continues to be a significant shareholder, holding approximately 44% of the issued share capital.

Schroders’ success can be attributed to its diversified business model, spanning different asset classes, client types and geographies. The company offers innovative products and solutions through four core business divisions: Public Markets, Solutions, Wealth Management, and Schroders Capital, which focuses on private markets, including private equity, renewable infrastructure investing, private debt & credit alternatives, and real estate.

Schroders aims to provide excellent investment performance to clients through active management. This means directing capital towards resilient businesses with sustainable business models, consistently with the investment goals of its clients. Schroders serves a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.

Issued by Schroder Investment Management Limited. Registration No 1893220 England. Authorised and regulated by the Financial Conduct Authority.  For regular updates by e-mail please register online at www.schroders.com for our alerting service.

[1] MNRPF selects Schroders Solutions as fiduciary manager – MNRPF

[2] As at 30 June 2024

[3] Source: Charity Finance Fund Management Survey – November 2024[4] As at November 2024

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SOURCE: Schroders