Brunel Pension Partnership marked its first anniversary after being established by announcing it now has £6bn under management. The pool will eventually manage £30bn in assets from 10 local authority pension funds.
In April, Legal & General Investment Management became the pool’s passive equity fund manager.
Dawn Turner, chief executive of Brunel, said: “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.”
