Enplan, operated by Entrust and Isio, is introducing a new innovative investment service to its clients through Schroders to enhance its operational consolidation solution for defined benefit (DB) pension schemes.
The new approach will boost Enplan’s investment, monitoring and digital reporting capabilities, providing access to a market leading investment proposition built bespoke for clients and normally only available to much larger schemes. Enplan schemes will benefit from Schroders’ advanced Liability-Driven Investment modelling and access to a range of proven asset managers through an open architecture that 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 provides smaller DB pensions schemes with a one-stop-shop governance and operational solution that saves schemes time and money, while enabling them to retain their original independent legal structure and identity. Enplan has now onboarded more than 50 schemes and is responsible for close to £1.5bn of DB pension scheme assets.
Enplan was launched in response to a significant 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.
Operational consolidators such as Enplan provide economies of scale through bundled services and governance, and have been operating successfully for some time. Now, with a demonstrable track record, they are well placed to capitalise on demand for sophisticated, cost-effective consolidation solutions that do not require an upfront premium to join.
Tom Neale, Enplan Trustee Director and COO at Entrust commented: “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 said: “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, said: “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.”
Notes to Editors
All media enquiries should be directed to:
Anthony Cornwell, Associate Director
Lansons
07929 730 785
Isio@lansons.com
About Isio
Isio is a leading independent UK provider of actuarial & consulting, pensions administration, investment advisory, employee reward & benefits and wealth advisory services. With a national team of 1,000 people across ten regional hubs, Isio is committed to promoting financial wellbeing for all and works with companies, trustees and individuals to help them make informed decisions to protect their financial future.
Isio was launched in March 2020 when it acquired the pensions advisory practice of KPMG LLP with backing from Exponent Private Equity LLP. In January 2022, Isio acquired Premier Pensions Management Ltd enhancing and extending its service offering to new and existing clients. On 30 May 2023 Isio completed the acquisition of Deloitte Total Rewards & Benefits Ltd, the UK pensions advisory business of Deloitte LLP.
www.linkedin.com/company/isiogroup
Schroders plc
Schroders is a global investment management firm with £726.1 billion (€846.1 billion; $923.1 billion) assets under management, as of 30 June 2023. Schroders continues to deliver strong financial results in ever challenging market conditions, with a market capitalisation of circa £7 billion and over 6,100 employees across 38 locations. Established in 1804, the founding family remains a core shareholder, holding approximately 44% of Schroders’ shares.
Schroders has benefited from a diverse business model by geography, asset class and client type. It offers innovative products and solutions across four core growing business areas; asset management, solutions, Schroders Capital (private assets) and wealth management. Clients include insurance companies, pension schemes, sovereign wealth funds, high net worth individuals and foundations. Schroders also manages assets for end clients as part of its relationships with distributors, financial advisers and online platforms.
Schroders aims to provide excellent investment performance to clients through active management. It also channels capital into sustainable and durable businesses to accelerate positive change in the world. Schroders’ business philosophy is based on the belief that if we deliver for clients, we will deliver for our shareholders and other stakeholders.
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.
About Entrust
Entrust, founded in 1994, is a leading independent professional trustee company, providing services that help companies, charities, and other organisations to manage their occupational pension schemes.
Acting as a sole trustee or joining a board of co-trustees, Entrust offers leadership and guidance to give pension scheme trustees the skills and experience needed to run the scheme in an effective, efficient and compliant manner - reducing the amount of company management time needed to look after schemes while continuing to consult with employers on all significant decisions.
Entrust has acted as trustee to over 100 occupational pension schemes for organisations across the globe providing a friendly, collaborative approach to pension trusteeship. Our team has been at the forefront of developments in pensions over the past 30 years, achieving positive outcomes for more than 35,000 members.
Entrust is part of professional services group, Gateley.
Gateley offer services spanning commercial and corporate law, dispute resolution, property, human resources, banking, litigation, restructuring, pensions, regulatory, private wealth, family and more.