Enplan, the governance and operations service for smaller defined benefit (DB) pension schemes, is introducing access to Schroders Capital’s liability driven investment (LDI) modelling.
Enplan, which is operated by Entrust and Isio, is also gaining access to a range of asset managers through an open architecture structure that it says ensures best in class manager selection in each asset class.
Enplan was established by independent trustee company Entrust and pensions advisory firm Isio in 2017. It has now onboarded more than 50 schemes and is responsible for close to £1.5bn of DB pension scheme assets.
Enplan was launched to capitalise on the consolidation opportunity emerging in the DB marketplace. The Mansion House reforms have since placed an increased emphasis on consolidation for smaller DB schemes, including ‘superfund’ options, which aim to reduce reliance on their sponsoring employer.
Tom Neale, Enplan trustee director and COO at Entrust says: “Enplan continues to go from strength to strength and it has an impressive track record, successfully managing more than 50 DB schemes. Introducing Schroders to Enplan is another great example of how we are continually improving our offering and bringing the big scheme experience to smaller schemes.”
Andrew Goddard, Isio’s head of Enplan says: “Recent pension reforms have shone a spotlight on the need for effective and efficient consolidation options for the DB marketplace, yet much of the current focus is on superfund options, also known as financial consolidators, which have high barriers to entry due to reduced reliance on sponsoring employers. At Isio, we have been at the forefront of innovation in providing consolidation solutions for DB schemes and believe that operational consolidators, which provide economies of scale in an easily accessible way, should be a larger part of this conversation.”
Ajeet Manjrekar, head of UK client solutions, Schroders Solutions, part of the Schroders Group, says: “Today’s announcement further demonstrates Schroders’ commitment to meeting the changing investment needs of UK DB pension funds – bringing our market leading investment expertise to pension funds of all sizes to power Enplan’s rapidly growing consolidation platform.”