The £1.8 billion Ninety One environment fund chosen by Redington as the default pension fund

The £1.8 billion Global Environment Fund of Ninety One has been added to Redington's default defined contribution (DC) plan for employees.

The fund, which was launched in 2019 and is managed by Deirdre Cooper and Graeme Baker, invests in low-carbon transition companies.

As of the end of April 2022, the strategy had generated an annualised return of 16.2 percent since its inception.

In comparison, the MSCI AC World Net Return index, the fund's benchmark, has returned 11.7 percent over the same time period.

The fund's addition comes after Redington, a UK pensions investment consultant, re-evaluated its default investment strategy.

From accumulation to drawdown, the fund has been added to Redington employees' retirement journeys.

According to Redington's director of investment consulting, Mathias Rasmussen, the pension was designed in the same way as its clients' portfolios, with advice from its DC consultants and sustainable investment team, approval from its Investment Strategy Committee, and management by 'preferred' rated managers.

"Building a sustainable future is a huge challenge that no individual or company can solve alone," he said.

"But by taking responsibility for the things we can control, together we can make a real difference. This is why we are pleased to include the Global Environment Fund in our pension."


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